State of Wisconsin Investment Board increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 234,406 shares of the specialty retailer’s stock after buying an additional 16,970 shares during the period. State of Wisconsin Investment Board’s holdings in O’Reilly Automotive were worth $51,274,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ORLY. Vanguard Group Inc. boosted its position in shares of O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock valued at $1,628,852,000 after buying an additional 21,454 shares during the last quarter. BlackRock Inc. boosted its position in shares of 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 valued at $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock valued at $505,202,000 after buying an additional 26,678 shares during the last quarter. American Century Companies Inc. boosted its position in shares of O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock valued at $457,502,000 after buying an additional 8,988 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock valued at $417,454,000 after buying an additional 9,846 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 198.44 on Tuesday. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $288.67. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 17.38 and a beta of 0.74. The firm has a 50 day moving average of $196.40 and a 200 day moving average of $241.34.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the 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 business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business earned $2.65 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its board has approved a share buyback plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “O’Reilly Automotive, Inc. (ORLY) Shares Bought by State of Wisconsin Investment Board” was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/oreilly-automotive-inc-orly-shares-bought-by-state-of-wisconsin-investment-board/1490874.html.

Several equities analysts have recently commented on ORLY shares. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $210.00 price target (down previously from $295.00) on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley cut shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $200.00 to $195.00 in a research report on Thursday, July 6th. Deutsche Bank AG cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and reduced their price target for the stock from $315.00 to $273.00 in a research report on Tuesday, April 25th. Royal Bank Of Canada reduced their price target on shares of O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $242.80.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 145,568 shares in the company, valued at $36,473,518.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 9,232 shares in the company, valued at $1,887,390.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,080 shares of company stock worth $7,754,807. 3.12% of the stock is owned by company 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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY).

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

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.