Pointe Capital Management LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 24.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,723 shares of the specialty retailer’s stock after selling 554 shares during the period. Pointe Capital Management LLC’s holdings in O’Reilly Automotive were worth $378,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in 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 worth $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. Waddell & Reed Financial Inc. boosted its position in shares of O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock worth $379,021,000 after buying an additional 917,800 shares during the period. Vontobel Asset Management Inc. purchased a new position in shares of O’Reilly Automotive during the second quarter worth approximately $119,025,000. TIAA CREF Investment Management LLC boosted its position in shares of O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock worth $222,811,000 after buying an additional 445,609 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock worth $213,751,000 after buying an additional 413,385 shares during the period. Institutional investors and hedge funds own 95.61% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 197.22 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $288.67. The stock has a market cap of $17.36 billion, a PE ratio of 17.28 and a beta of 0.74. The stock has a 50 day moving average price of $197.62 and a 200 day moving average price of $242.64.

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, topping the Thomson Reuters’ 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 in the prior year, the business earned $2.65 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

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

ILLEGAL ACTIVITY NOTICE: “O’Reilly Automotive, Inc. (ORLY) Shares Sold by Pointe Capital Management LLC” was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/oreilly-automotive-inc-orly-shares-sold-by-pointe-capital-management-llc/1473636.html.

A number of brokerages recently commented on ORLY. Deutsche Bank AG cut O’Reilly Automotive from a “buy” rating to a “hold” rating and lowered their target price for the company from $315.00 to $273.00 in a report on Tuesday, April 25th. Royal Bank Of Canada lowered their target price on O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating for the company in a report on Tuesday, April 25th. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Stephens set a $315.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $242.80.

In other news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total value of $212,617.60. Following the completion of the sale, the senior vice president now owns 9,232 shares of the company’s stock, valued at $1,887,390.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, the chairman now directly owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders sold 32,080 shares of company stock valued at $7,754,807 in the last ninety days. Company insiders own 3.12% of the company’s stock.

O’Reilly Automotive Company Profile

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.