Renaissance Group LLC Has $29.66 Million Stake in O'Reilly Automotive Inc (ORLY)

Renaissance Group LLC cut its position in O'Reilly Automotive Inc (NASDAQ:ORLY) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,314 shares of the specialty retailer’s stock after selling 4,055 shares during the quarter. Renaissance Group LLC’s holdings in O'Reilly Automotive were worth $29,662,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NEXT Financial Group Inc acquired a new position in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $100,000. Amica Retiree Medical Trust acquired a new position in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $107,000. Fieldpoint Private Securities LLC acquired a new position in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $141,000. Capital Guardian Trust Co. acquired a new position in O'Reilly Automotive during the 3rd quarter worth approximately $157,000. Finally, Westwood Holdings Group Inc. acquired a new position in O'Reilly Automotive during the 2nd quarter worth approximately $168,000. Institutional investors own 88.21% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Group reiterated a “buy” rating and set a $297.00 price objective on shares of O'Reilly Automotive in a research report on Friday. Credit Suisse Group set a $264.00 price objective on shares of O'Reilly Automotive and gave the stock a “neutral” rating in a research report on Thursday. They noted that the move was a valuation call. BidaskClub upgraded shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird reiterated a “hold” rating and set a $220.00 price objective on shares of O'Reilly Automotive in a research report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $247.55.

In other news, Chairman David E. Oreilly sold 70,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $220.29, for a total value of $15,420,300.00. Following the sale, the chairman now directly owns 135,776 shares of the company’s stock, valued at approximately $29,910,095.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the senior vice president now directly owns 10,900 shares in the company, valued at $2,997,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,580 shares of company stock worth $39,241,985. Insiders own 3.12% of the company’s stock.

O'Reilly Automotive Inc (NASDAQ:ORLY) opened at $252.22 on Friday. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. O'Reilly Automotive Inc has a 12-month low of $169.43 and a 12-month high of $279.23. The stock has a market cap of $21,433.78, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90.

O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 109.35%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm posted $2.59 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts predict that O'Reilly Automotive Inc will post 14.45 earnings per share for the current year.

O'Reilly Automotive declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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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.

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

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