Axa lessened its position in O'Reilly Automotive Inc (NASDAQ:ORLY) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,201 shares of the specialty retailer’s stock after selling 15,558 shares during the period. Axa’s holdings in O'Reilly Automotive were worth $14,721,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NEXT Financial Group Inc acquired a new position in O'Reilly Automotive in the 3rd quarter worth about $100,000. Amica Retiree Medical Trust acquired a new position in O'Reilly Automotive in the 3rd quarter worth about $107,000. NuWave Investment Management LLC acquired a new position in O'Reilly Automotive in the 4th quarter worth about $122,000. Fieldpoint Private Securities LLC acquired a new position in O'Reilly Automotive in the 3rd quarter worth about $141,000. Finally, Capital Guardian Trust Co. acquired a new position in O'Reilly Automotive in the 3rd quarter worth about $157,000. 86.97% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $241.34, for a total transaction of $250,993.60. Following the sale, the senior vice president now owns 9,263 shares in the company, valued at approximately $2,235,532.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeff M. Shaw sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $250.00, for a total value of $2,500,000.00. Following the sale, the insider now owns 34,285 shares in the company, valued at approximately $8,571,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,775 shares of company stock worth $7,784,074. 3.12% of the stock is owned by corporate insiders.
O'Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, beating the consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company earned $2.59 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts forecast that O'Reilly Automotive Inc will post 15.44 earnings per share for the current year.
O'Reilly Automotive announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently weighed in on ORLY. BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Credit Suisse Group increased their price target on O'Reilly Automotive from $241.00 to $264.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. They noted that the move was a valuation call. Stephens set a $300.00 price target on O'Reilly Automotive and gave the company a “buy” rating in a research note on Wednesday, January 17th. Jefferies Group reissued a “buy” rating and issued a $297.00 price target on shares of O'Reilly Automotive in a research note on Friday, February 9th. Finally, Citigroup increased their price target on O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $251.05.
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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