Westpac Banking Corp raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,756 shares of the specialty retailer’s stock after buying an additional 1,144 shares during the period. Westpac Banking Corp owned 0.05% of O’Reilly Automotive worth $10,446,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in O’Reilly Automotive by 49.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,911 shares of the specialty retailer’s stock valued at $418,000 after buying an additional 633 shares during the last quarter. Pacad Investment Ltd. boosted its stake in O’Reilly Automotive by 13.2% in the second quarter. Pacad Investment Ltd. now owns 15,050 shares of the specialty retailer’s stock valued at $3,292,000 after buying an additional 1,750 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in O’Reilly Automotive by 20.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 26,583 shares of the specialty retailer’s stock valued at $5,815,000 after buying an additional 4,470 shares during the last quarter. Commerce Bank boosted its stake in O’Reilly Automotive by 0.6% in the second quarter. Commerce Bank now owns 25,457 shares of the specialty retailer’s stock valued at $5,568,000 after buying an additional 147 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in O’Reilly Automotive during the second quarter valued at $5,498,000. 96.68% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive, Inc. (ORLY) opened at 196.99 on Friday. The company’s 50-day moving average price is $197.00 and its 200 day moving average price is $235.08. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 17.26 and a beta of 0.76.

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

O’Reilly Automotive announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several research firms have weighed in on ORLY. Robert W. Baird reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. BidaskClub raised O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Credit Suisse Group set a $195.00 price target on O’Reilly Automotive and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $195.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $242.80.

In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the sale, the senior vice president now directly owns 9,232 shares in the company, valued at $1,887,390.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $200.87, for a total value of $1,004,350.00. Following the sale, the director now owns 72,562 shares in the company, valued at $14,575,528.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,080 shares of company stock worth $2,495,157. Company insiders own 3.12% of the company’s stock.

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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