Annex Advisory Services LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,476 shares of the specialty retailer’s stock, valued at approximately $2,478,000.
Several other institutional investors also recently made changes to their positions in ORLY. Nachman Norwood & Parrott Inc bought a new stake in shares of O’Reilly Automotive during the 3rd quarter worth approximately $36,000. Perigon Wealth Management LLC bought a new stake in O’Reilly Automotive in the 4th quarter valued at $39,000. CX Institutional raised its stake in O’Reilly Automotive by 38.8% in the 3rd quarter. CX Institutional now owns 93 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 26 shares during the period. Cerebellum GP LLC bought a new stake in O’Reilly Automotive in the 3rd quarter valued at $63,000. Finally, Anderson Fisher LLC bought a new stake in O’Reilly Automotive in the 3rd quarter valued at $66,000. Institutional investors own 82.00% of the company’s stock.
A number of research firms recently weighed in on ORLY. Oppenheimer upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $550.00 price target on the stock in a research note on Tuesday, November 24th. They noted that the move was a valuation call. Zacks Investment Research cut O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $481.00 price target on the stock. in a research note on Monday, October 5th. Raymond James upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $550.00 price target on the stock in a research note on Monday, October 19th. BNP Paribas began coverage on O’Reilly Automotive in a research note on Monday, October 5th. They issued an “outperform” rating and a $573.00 price target on the stock. Finally, Exane BNP Paribas started coverage on O’Reilly Automotive in a research note on Monday, October 5th. They issued an “outperform” rating and a $573.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $480.14.
Shares of ORLY traded down $6.86 during trading hours on Friday, hitting $425.47. 878,171 shares of the company were exchanged, compared to its average volume of 680,593. The company has a market cap of $30.82 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.44 and a beta of 0.98. O’Reilly Automotive, Inc. has a fifty-two week low of $251.51 and a fifty-two week high of $496.61. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 5.81. The firm’s fifty day moving average is $459.48 and its 200 day moving average is $457.29.
O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Monday, November 2nd. The specialty retailer reported $7.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.73. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $2.98 billion. O’Reilly Automotive had a return on equity of 373.35% and a net margin of 14.96%. During the same period in the prior year, the firm posted $5.08 EPS. Analysts anticipate that O’Reilly Automotive, Inc. will post 23.13 EPS for the current year.
O’Reilly Automotive announced that its board has authorized a stock repurchase plan on Wednesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
In related news, Chairman David E. Oreilly sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $450.56, for a total value of $9,011,200.00. Following the sale, the chairman now directly owns 107,404 shares of the company’s stock, valued at $48,391,946.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Raymond Murphy sold 200 shares of the firm’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $452.34, for a total value of $90,468.00. The disclosure for this sale can be found here. Corporate insiders own 2.43% of the company’s stock.
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 and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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