Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.4% during the second quarter, Holdings Channel reports. The institutional investor owned 15,585 shares of the specialty retailer’s stock after selling 3,762 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in O’Reilly Automotive were worth $3,409,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ORLY. BlackRock Inc. increased its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. Waddell & Reed Financial Inc. increased its stake in O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock worth $379,021,000 after buying an additional 917,800 shares in the last quarter. Vontobel Asset Management Inc. bought a new stake in O’Reilly Automotive during the second quarter worth about $119,025,000. TIAA CREF Investment Management LLC increased its stake in O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock worth $222,811,000 after buying an additional 445,609 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock worth $213,751,000 after buying an additional 413,385 shares in the last quarter. 95.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 198.91 on Friday. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $288.67. The company has a market cap of $17.51 billion, a PE ratio of 17.42 and a beta of 0.74. The stock’s 50 day moving average price is $197.02 and its 200-day moving average price is $242.17.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business posted $2.65 EPS. O’Reilly Automotive’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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ORLY has been the topic of a number of recent research reports. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised O’Reilly Automotive from a “sell” rating to a “neutral” rating and lowered their target price for the company from $262.00 to $210.00 in a research report on Thursday, July 6th. Stephens set a $315.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group downgraded O’Reilly Automotive from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $262.00 to $195.00 in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $242.80.

In other news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction of $212,617.60. Following the completion of the sale, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the sale, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,080 shares of company stock valued at $7,754,807. 3.12% of the stock is currently owned by company insiders.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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