Speece Thorson Capital Group Inc. increased its position in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 99.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,973 shares of the specialty retailer’s stock after buying an additional 23,473 shares during the quarter. O'Reilly Automotive makes up 2.2% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 23rd largest holding. Speece Thorson Capital Group Inc.’s holdings in O'Reilly Automotive were worth $11,299,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of ORLY. NEXT Financial Group Inc bought a new stake in O'Reilly Automotive in the 3rd quarter valued at $100,000. Amica Retiree Medical Trust bought a new stake in O'Reilly Automotive in the 3rd quarter valued at $107,000. NuWave Investment Management LLC bought a new stake in O'Reilly Automotive in the 4th quarter valued at $122,000. Fieldpoint Private Securities LLC bought a new stake in O'Reilly Automotive in the 3rd quarter valued at $141,000. Finally, Capital Guardian Trust Co. bought a new stake in O'Reilly Automotive in the 3rd quarter valued at $157,000. 88.14% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. UBS Group reissued a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Royal Bank of Canada raised shares of O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a report on Wednesday, December 13th. Credit Suisse Group set a $193.00 price target on shares of O'Reilly Automotive and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 price objective for the company in a research note on Wednesday, December 27th. Finally, BidaskClub upgraded shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $251.05.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.12. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.59 EPS. equities research analysts forecast that O'Reilly Automotive Inc will post 15.44 earnings per share for the current fiscal year.
O'Reilly Automotive declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In other news, Chairman David E. Oreilly sold 70,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 135,776 shares of the company’s stock, valued at approximately $29,910,095.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Mcfall sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $235.00, for a total transaction of $4,700,000.00. Following the completion of the transaction, the chief financial officer now directly owns 27,431 shares in the company, valued at approximately $6,446,285. The disclosure for this sale can be found here. Insiders sold a total of 153,680 shares of company stock valued at $35,748,242 in the last 90 days. Corporate insiders own 3.12% of the company’s stock.
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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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