Montag & Caldwell LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,086 shares of the specialty retailer’s stock after buying an additional 601 shares during the period. Montag & Caldwell LLC’s holdings in O’Reilly Automotive were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ORLY. Barrett Asset Management LLC raised its stake in shares of O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares in the last quarter. Nikko Asset Management Americas Inc. bought a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $108,000. Parkside Financial Bank & Trust raised its stake in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock worth $119,000 after buying an additional 93 shares in the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock worth $124,000 after buying an additional 263 shares in the last quarter. 95.61% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive, Inc. (ORLY) traded up 0.91% during trading on Friday, reaching $199.02. The company had a trading volume of 73,383 shares. The firm has a market capitalization of $17.52 billion, a PE ratio of 17.43 and a beta of 0.74. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $288.67. The firm’s 50 day moving average price is $197.62 and its 200 day moving average price is $242.64.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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 for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company posted $2.65 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast 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 repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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A number of analysts have commented on ORLY shares. Stephens set a $315.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $300.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, April 27th. Credit Suisse Group set a $290.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a $302.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, UBS AG reissued a “buy” rating and set a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $242.80.

In related news, Chairman David E. Oreilly sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the sale, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the sale, the senior vice president now owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders sold 32,080 shares of company stock worth $7,754,807 in the last 90 days. 3.12% of the stock is currently owned by corporate insiders.

About O’Reilly Automotive

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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