Wesbanco Bank Inc. Has $3.45 Million Stake in O’Reilly Automotive Inc (ORLY)

Wesbanco Bank Inc. decreased its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,925 shares of the specialty retailer’s stock after selling 2,031 shares during the period. Wesbanco Bank Inc.’s holdings in O’Reilly Automotive were worth $3,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of O’Reilly Automotive by 1.3% in the 3rd quarter. BlackRock Inc. now owns 6,041,654 shares of the specialty retailer’s stock valued at $2,098,387,000 after acquiring an additional 75,454 shares in the last quarter. Polen Capital Management LLC grew its holdings in shares of O’Reilly Automotive by 1.8% in the 2nd quarter. Polen Capital Management LLC now owns 2,835,262 shares of the specialty retailer’s stock valued at $775,643,000 after acquiring an additional 48,778 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of O’Reilly Automotive by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock valued at $394,273,000 after acquiring an additional 62,889 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of O’Reilly Automotive by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock valued at $303,869,000 after acquiring an additional 105,794 shares in the last quarter. Finally, Waddell & Reed Financial Inc. grew its holdings in shares of O’Reilly Automotive by 25.1% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock valued at $162,626,000 after acquiring an additional 119,235 shares in the last quarter. Institutional investors own 85.89% of the company’s stock.

O’Reilly Automotive stock opened at $345.58 on Thursday. O’Reilly Automotive Inc has a 52 week low of $214.87 and a 52 week high of $363.20. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11. The stock has a market cap of $26.92 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.31 by $0.19. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. As a group, sell-side analysts predict that O’Reilly Automotive Inc will post 16.1 EPS for the current year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several brokerages have recently weighed in on ORLY. Zacks Investment Research cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Morgan Stanley lifted their price target on O’Reilly Automotive from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 6th. Jefferies Financial Group lifted their price target on O’Reilly Automotive from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, Wells Fargo & Co lifted their price target on O’Reilly Automotive from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. O’Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $340.63.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,161 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $331.00, for a total transaction of $384,291.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Adam Fletcher sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $335.00, for a total transaction of $837,500.00. Following the sale, the senior vice president now owns 3,428 shares of the company’s stock, valued at $1,148,380. The disclosure for this sale can be found here. Insiders have sold 21,187 shares of company stock valued at $7,273,769 over the last 90 days. Company insiders own 3.12% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by WKRB News and is the property of of WKRB News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.wkrb13.com/2018/11/22/wesbanco-bank-inc-has-3-45-million-stake-in-oreilly-automotive-inc-orly.html.

O’Reilly Automotive Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Read More: Bond

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

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

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply