Seven Eight Capital LP purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,100 shares of the specialty retailer’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Parkside Financial Bank & Trust boosted its position in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 5 shares during the last quarter. Barrett Asset Management LLC boosted its position in shares of O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 340 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 93 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of O’Reilly Automotive by 30.2% in the first quarter. Global X Management Co. LLC now owns 758 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 176 shares during the last quarter. Finally, South Texas Money Management Ltd. acquired a new stake in shares of O’Reilly Automotive in the first quarter worth approximately $222,000. Institutional investors and hedge funds own 96.69% of the company’s stock.

O’Reilly Automotive, Inc. (ORLY) opened at 209.86 on Friday. The firm’s 50-day moving average is $200.96 and its 200-day moving average is $230.85. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57. The firm has a market capitalization of $18.47 billion, a PE ratio of 18.38 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $2.65 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

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

Several research firms recently issued reports on ORLY. Barclays PLC set a $234.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Thursday, July 6th. UBS AG cut shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Robert W. Baird reissued a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Finally, Royal Bank Of Canada decreased their target price on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive has an average rating of “Hold” and an average price target of $245.30.

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In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total value of $212,617.60. Following the transaction, the senior vice president now owns 9,232 shares in the company, valued at $1,887,390.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the 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 transaction, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. Insiders sold 18,120 shares of company stock worth $3,687,235 in the last 90 days. 3.12% of the stock is currently owned by corporate insiders.

O’Reilly Automotive 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.

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

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