Capital Bank & Trust Co acquired a new stake in O'Reilly Automotive Inc (NASDAQ:ORLY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 96,982 shares of the specialty retailer’s stock, valued at approximately $20,887,000. Capital Bank & Trust Co owned approximately 0.11% of O'Reilly Automotive at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. Capital Guardian Trust Co. purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $157,000. Janus Henderson Group PLC raised its holdings in shares of O'Reilly Automotive by 3.3% during the 3rd quarter. Janus Henderson Group PLC now owns 240,673 shares of the specialty retailer’s stock valued at $51,833,000 after buying an additional 7,584 shares during the period. Vident Investment Advisory LLC purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $632,000. Atlanta Capital Management Co. L L C raised its holdings in shares of O'Reilly Automotive by 7.7% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 126,089 shares of the specialty retailer’s stock valued at $27,156,000 after buying an additional 8,990 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in shares of O'Reilly Automotive by 31.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 12,891 shares of the specialty retailer’s stock valued at $2,777,000 after buying an additional 3,062 shares during the period. 88.56% of the stock is currently owned by institutional investors and hedge funds.
In other news, Chairman David E. Oreilly sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total value of $15,420,300.00. Following the completion of the sale, the chairman now directly owns 135,776 shares in the company, valued at approximately $29,910,095.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. Insiders have sold a total of 149,945 shares of company stock worth $33,756,392 over the last 90 days. 3.12% of the stock is owned by company insiders.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.07. O'Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $2.90 EPS. O'Reilly Automotive’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities analysts anticipate that O'Reilly Automotive Inc will post 11.91 earnings per share for the current fiscal year.
O'Reilly Automotive announced that its Board of Directors has authorized a share buyback plan 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 plans are generally a sign that the company’s management believes its shares are undervalued.
Several brokerages recently commented on ORLY. Bank of America reiterated a “buy” rating and set a $250.00 target price on shares of O'Reilly Automotive in a report on Tuesday, September 5th. Moffett Nathanson began coverage on O'Reilly Automotive in a report on Monday, December 4th. They set a “buy” rating on the stock. Citigroup raised their target price on O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $220.00 target price on shares of O'Reilly Automotive in a report on Friday, October 27th. Finally, UBS reiterated a “buy” rating and set a $240.00 target price (up from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $243.48.
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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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