State of Alaska Department of Revenue lifted its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,915 shares of the specialty retailer’s stock after buying an additional 947 shares during the quarter. State of Alaska Department of Revenue’s holdings in O’Reilly Automotive were worth $4,445,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA purchased a new stake in O’Reilly Automotive during the third quarter valued at $119,000. Honkamp Krueger Financial Services Inc. purchased a new stake in O’Reilly Automotive during the third quarter valued at $129,000. Capital Bank & Trust Co raised its stake in O’Reilly Automotive by 159.4% during the third quarter. Capital Bank & Trust Co now owns 371 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 228 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in O’Reilly Automotive during the second quarter valued at $112,000. Finally, Capital Guardian Trust Co. purchased a new stake in O’Reilly Automotive during the third quarter valued at $167,000. 84.92% of the stock is currently owned by hedge funds and other institutional investors.

ORLY stock opened at $338.73 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.11 and a debt-to-equity ratio of 6.37. O’Reilly Automotive Inc has a twelve month low of $217.64 and a twelve month high of $363.20. The firm has a market cap of $27.52 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.22 and a beta of 0.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.49 billion. As a group, analysts anticipate that O’Reilly Automotive Inc will post 16.12 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a share buyback plan on Tuesday, November 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 12,526 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $351.06, for a total transaction of $4,397,377.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.07% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Raymond James set a $408.00 price target on shares of O’Reilly Automotive and gave the company a “strong-buy” rating in a research note on Friday, December 14th. Zacks Investment Research raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $393.00 price target on the stock in a research note on Tuesday, November 27th. BidaskClub downgraded shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 4th. Bank of America reaffirmed a “top pick” rating and set a $390.00 price target (up previously from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Finally, JPMorgan Chase & Co. raised shares of O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 price target on the stock in a research note on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $350.25.

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O’Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, 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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