TAP Consulting LLC Makes New Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)


TAP Consulting LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,600 shares of the specialty retailer’s stock, valued at approximately $724,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. DNB Asset Management AS bought a new stake in O’Reilly Automotive during the 4th quarter valued at $4,653,000. Hedeker Wealth LLC raised its holdings in O’Reilly Automotive by 7.7% during the 4th quarter. Hedeker Wealth LLC now owns 5,175 shares of the specialty retailer’s stock valued at $2,342,000 after buying an additional 371 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in O’Reilly Automotive by 2.7% during the 4th quarter. Resonant Capital Advisors LLC now owns 843 shares of the specialty retailer’s stock valued at $382,000 after buying an additional 22 shares during the last quarter. Salvus Wealth Management LLC bought a new stake in O’Reilly Automotive during the 4th quarter valued at $1,445,000. Finally, Beacon Financial Group raised its holdings in O’Reilly Automotive by 4.8% during the 4th quarter. Beacon Financial Group now owns 1,538 shares of the specialty retailer’s stock valued at $731,000 after buying an additional 70 shares during the last quarter. 82.00% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ORLY traded down $5.35 during trading on Tuesday, reaching $461.34. 9,433 shares of the company traded hands, compared to its average volume of 502,091. The firm has a 50 day simple moving average of $456.20 and a 200-day simple moving average of $454.92. 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 stock has a market capitalization of $33.42 billion, a PE ratio of 20.62, a P/E/G ratio of 1.44 and a beta of 0.98. O’Reilly Automotive, Inc. has a 52-week low of $251.51 and a 52-week high of $496.61.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Monday, November 2nd. The specialty retailer reported $7.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $6.34 by $0.73. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $2.98 billion. O’Reilly Automotive had a net margin of 14.96% and a return on equity of 373.35%. During the same quarter in the prior year, the business earned $5.08 EPS. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 23.13 EPS for the current year.

O’Reilly Automotive announced that its board has authorized a share buyback 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 repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 20,000 shares of O’Reilly Automotive stock in a transaction that occurred on 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 transaction, the chairman now directly owns 107,404 shares in the company, valued at approximately $48,391,946.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Raymond Murphy sold 200 shares of O’Reilly Automotive stock in a transaction that occurred on 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. Insiders own 2.43% of the company’s stock.

Several research analysts have commented on the stock. BNP Paribas assumed coverage on shares of O’Reilly Automotive in a report on Monday, October 5th. They issued an “outperform” rating and a $573.00 price objective for the company. Oppenheimer upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $550.00 price objective for the company in a report on Tuesday, November 24th. They noted that the move was a valuation call. Raymond James upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $550.00 price objective for the company in a report on Monday, October 19th. Wedbush decreased their price objective on shares of O’Reilly Automotive from $490.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Finally, Zacks Investment Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $481.00 target price on the stock. in a research report on Monday, October 5th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $480.14.

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



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