Fort Washington Investment Advisors Inc. OH Trims Holdings in O’Reilly Automotive, Inc. (ORLY)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 36.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,315 shares of the specialty retailer’s stock after selling 1,322 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in O’Reilly Automotive were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after acquiring an additional 21,454 shares during the period. BlackRock Inc. boosted its holdings in shares of 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 acquiring an additional 5,458,171 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after acquiring an additional 1,251,237 shares during the period. Polen Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after acquiring an additional 543,664 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of O’Reilly Automotive by 14.6% in the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock worth $387,935,000 after acquiring an additional 226,450 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 210.08 on Tuesday. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The firm’s 50-day moving average price is $201.25 and its 200-day moving average price is $229.81. The stock has a market cap of $18.49 billion, a P/E ratio of 18.40 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, beating 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 business 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 firm earned $2.65 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive declared that its board has approved a stock repurchase plan on Friday, September 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

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

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In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the transaction, the director now owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction of $212,617.60. Following the transaction, the senior vice president now directly owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock valued at $3,687,235 in the last three months. 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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