Commonwealth Equity Services LLC Has $2.33 Million Holdings in O’Reilly Automotive Inc (ORLY)

Commonwealth Equity Services LLC reduced its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,710 shares of the specialty retailer’s stock after selling 185 shares during the quarter. Commonwealth Equity Services LLC’s holdings in O’Reilly Automotive were worth $2,330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. CENTRAL TRUST Co grew its holdings in O’Reilly Automotive by 0.3% in the 3rd quarter. CENTRAL TRUST Co now owns 44,479 shares of the specialty retailer’s stock valued at $15,449,000 after buying an additional 154 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of O’Reilly Automotive by 10.6% during the 3rd quarter. Acropolis Investment Management LLC now owns 1,646 shares of the specialty retailer’s stock worth $572,000 after purchasing an additional 158 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in shares of O’Reilly Automotive by 4.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock worth $950,000 after purchasing an additional 160 shares during the period. Levin Capital Strategies L.P. grew its holdings in shares of O’Reilly Automotive by 10.1% during the 3rd quarter. Levin Capital Strategies L.P. now owns 1,741 shares of the specialty retailer’s stock worth $605,000 after purchasing an additional 160 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of O’Reilly Automotive by 2.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock worth $1,709,000 after purchasing an additional 166 shares during the period. Institutional investors own 85.89% of the company’s stock.

In related news, SVP Jeremy Adam Fletcher sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the transaction, the senior vice president now directly owns 3,428 shares in the company, valued at approximately $1,148,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Alan Lauro sold 12,526 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $351.06, for a total value of $4,397,377.56. The disclosure for this sale can be found here. Company insiders own 3.12% of the company’s stock.

A number of equities analysts have recently weighed in on ORLY shares. BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 21st. Bank of America reiterated a “top pick” rating and set a $390.00 price target (up from $330.00) on shares of O’Reilly Automotive in a report on Monday, September 17th. Wells Fargo & Co reiterated a “buy” rating and set a $345.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 24th. Wolfe Research cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, October 26th. Finally, JPMorgan Chase & Co. upgraded O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 price target for the company in a report on Friday, October 19th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $340.63.

Shares of O’Reilly Automotive stock opened at $350.63 on Monday. O’Reilly Automotive Inc has a 12 month low of $214.87 and a 12 month high of $363.20. The stock has a market cap of $28.09 billion, a P/E ratio of 29.61, a PEG ratio of 1.39 and a beta of 1.07. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.19. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.49 billion. As a group, equities analysts expect that O’Reilly Automotive Inc will post 16.1 EPS for the current fiscal year.

O’Reilly Automotive declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About O’Reilly Automotive

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.

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

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