ETRADE Capital Management LLC lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 20.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,898 shares of the specialty retailer’s stock after selling 1,282 shares during the period. ETRADE Capital Management LLC’s holdings in O’Reilly Automotive were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in O’Reilly Automotive by 1.1% during the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock worth $1,334,868,000 after buying an additional 66,172 shares in the last quarter. Northern Trust Corp boosted its holdings in O’Reilly Automotive by 0.3% during the second quarter. Northern Trust Corp now owns 1,135,148 shares of the specialty retailer’s stock worth $248,303,000 after buying an additional 2,857 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in O’Reilly Automotive by 773.6% during the second quarter. GSA Capital Partners LLP now owns 24,163 shares of the specialty retailer’s stock worth $5,285,000 after buying an additional 21,397 shares in the last quarter. Menta Capital LLC purchased a new stake in O’Reilly Automotive during the second quarter worth about $429,000. Finally, Mutual of America Capital Management LLC boosted its holdings in O’Reilly Automotive by 2.3% during the second quarter. Mutual of America Capital Management LLC now owns 11,109 shares of the specialty retailer’s stock worth $2,430,000 after buying an additional 247 shares in the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. UBS AG downgraded shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $302.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. decreased their price objective on shares of O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, July 20th. Bank of America Corporation downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $325.00 to $200.00 in a report on Friday, July 7th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $190.00 price objective (down previously from $272.00) on shares of O’Reilly Automotive in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $245.30.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 209.59 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $286.57. The company’s 50 day moving average is $201.21 and its 200 day moving average is $229.32. The stock has a market cap of $18.45 billion, a P/E ratio of 18.36 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the company posted $2.65 earnings per share. The business’s revenue for the quarter 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 year.

O’Reilly Automotive declared that its Board of Directors has approved a stock repurchase program on Friday, September 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the transaction, the director now directly owns 77,562 shares in the company, valued at $16,298,878.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.19, for a total transaction of $205,077.60. Following the completion of the transaction, the senior vice president now owns 9,238 shares of the company’s stock, valued at $1,821,641.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,120 shares of company stock valued at $3,687,235. 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.

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

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