Tandem Investment Advisors Inc. grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,268 shares of the specialty retailer’s stock after buying an additional 133 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Monetary Management Group Inc. grew its stake in shares of O’Reilly Automotive by 16.3% in the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock valued at $102,000 after buying an additional 65 shares in the last quarter. Barrett Asset Management LLC grew its stake 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 valued at $103,000 after buying an additional 340 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 5 shares in the last quarter. Sun Life Financial INC grew its stake in shares of O’Reilly Automotive by 5,107.7% in the second quarter. Sun Life Financial INC now owns 677 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 664 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in shares of O’Reilly Automotive by 15.9% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 730 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 100 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up 1.31% during mid-day trading on Friday, reaching $209.72. The company’s stock had a trading volume of 915,483 shares. The firm has a market capitalization of $18.46 billion, a PE ratio of 18.37 and a beta of 0.78. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $286.57. The firm has a 50-day moving average of $206.32 and a 200-day moving average of $222.14.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $2.65 earnings per share. Equities research analysts forecast 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 authorized a stock repurchase plan on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 5.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the completion of the sale, the senior vice president now directly owns 9,232 shares in the company, valued at $1,887,390.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $200.87, for a total value of $1,004,350.00. Following the sale, the director now owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold 18,120 shares of company stock valued at $3,684,364 over the last 90 days. Insiders own 3.12% of the company’s stock.

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A number of brokerages have recently weighed in on ORLY. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, June 20th. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Raymond James Financial, Inc. dropped their price objective on O’Reilly Automotive from $310.00 to $250.00 and set a “strong-buy” rating for the company in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Finally, BidaskClub cut O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $242.21.

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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