Pinkerton Retirement Specialists LLC Grows Stake in O’Reilly Automotive Inc (ORLY)

Pinkerton Retirement Specialists LLC lifted its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,020 shares of the specialty retailer’s stock after purchasing an additional 454 shares during the period. O’Reilly Automotive comprises 1.3% of Pinkerton Retirement Specialists LLC’s investment portfolio, making the stock its 18th largest holding. Pinkerton Retirement Specialists LLC’s holdings in O’Reilly Automotive were worth $3,133,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in O’Reilly Automotive by 100.8% in the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after acquiring an additional 262,779 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in O’Reilly Automotive by 18,926.9% in the second quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock valued at $673,000 after acquiring an additional 183,780 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in O’Reilly Automotive by 326.3% in the third quarter. Victory Capital Management Inc. now owns 207,163 shares of the specialty retailer’s stock valued at $71,951,000 after acquiring an additional 158,571 shares during the last quarter. Waddell & Reed Financial Inc. boosted its holdings in O’Reilly Automotive by 25.1% in the second 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 during the last quarter. Finally, American Century Companies Inc. boosted its holdings in O’Reilly Automotive by 10.5% in the second 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 during the last quarter. Institutional investors own 85.89% of the company’s stock.

Shares of ORLY opened at $350.63 on Monday. O’Reilly Automotive Inc has a 52-week low of $214.87 and a 52-week high of $363.20. The company has a current ratio of 0.91, a quick ratio of 0.11 and a debt-to-equity ratio of 6.37. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. Equities analysts predict that O’Reilly Automotive Inc will post 16.1 earnings per share for the current year.

O’Reilly Automotive declared that its Board of Directors has authorized a share repurchase program on Tuesday, November 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, SVP Jeremy Adam Fletcher sold 2,500 shares of the company’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 transaction, the senior vice president now directly owns 3,428 shares of the company’s stock, valued at $1,148,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey Alan Lauro sold 12,526 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was 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. 3.07% of the stock is owned by corporate insiders.

ORLY has been the topic of several analyst reports. BidaskClub cut O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a report on Friday, October 26th. Wells Fargo & Co reiterated a “buy” rating and issued a $345.00 target price on shares of O’Reilly Automotive in a report on Tuesday, August 7th. ValuEngine raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Jefferies Financial Group boosted their price target on O’Reilly Automotive from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Morgan Stanley boosted their price target on O’Reilly Automotive from $310.00 to $345.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $340.63.

TRADEMARK VIOLATION WARNING: “Pinkerton Retirement Specialists LLC Grows Stake in O’Reilly Automotive Inc (ORLY)” was originally posted by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/26/pinkerton-retirement-specialists-llc-grows-stake-in-oreilly-automotive-inc-orly.html.

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.

Featured Story: Stock Symbols and CUSIP Explained

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