Arcadia Investment Management Corp MI cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 22,753 shares of the specialty retailer’s stock after selling 216 shares during the period. O’Reilly Automotive makes up about 1.6% of Arcadia Investment Management Corp MI’s holdings, making the stock its 22nd largest position. Arcadia Investment Management Corp MI’s holdings in O’Reilly Automotive were worth $4,977,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP raised its position in O’Reilly Automotive by 7.6% in the first quarter. Korea Investment CORP now owns 23,464 shares of the specialty retailer’s stock valued at $6,332,000 after buying an additional 1,652 shares during the period. IFC Holdings Incorporated FL raised its position in O’Reilly Automotive by 2.5% in the first quarter. IFC Holdings Incorporated FL now owns 1,811 shares of the specialty retailer’s stock valued at $489,000 after buying an additional 44 shares during the period. BTIM Corp. raised its position in O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock valued at $2,286,000 after buying an additional 26 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in O’Reilly Automotive by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,519 shares of the specialty retailer’s stock valued at $636,000 after buying an additional 56 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in O’Reilly Automotive by 20.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 6,197 shares of the specialty retailer’s stock valued at $1,672,000 after buying an additional 1,034 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 189.10 on Tuesday. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $288.67. The stock has a 50 day moving average price of $196.40 and a 200-day moving average price of $241.34. The company has a market capitalization of $16.64 billion, a P/E ratio of 16.56 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company earned $2.65 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

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

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Several equities analysts recently commented on ORLY shares. Wedbush reissued a “neutral” rating on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Deutsche Bank AG lowered 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. Credit Suisse Group set a $290.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Monday, April 24th. Oppenheimer Holdings, Inc. set a $220.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $242.80.

In other O’Reilly Automotive news, 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the sale, the director now owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. Insiders sold a total of 32,080 shares of company stock valued at $7,754,807 in the last quarter. Corporate 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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