ETF Managers Group LLC boosted its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532 shares of the specialty retailer’s stock after acquiring an additional 80 shares during the period. ETF Managers Group LLC’s holdings in O’Reilly Automotive were worth $183,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Clean Yield Group bought a new stake in O’Reilly Automotive during the 4th quarter worth $40,000. We Are One Seven LLC bought a new stake in O’Reilly Automotive during the 4th quarter worth $60,000. Taylor Hoffman Wealth Management bought a new stake in O’Reilly Automotive during the 4th quarter worth $68,000. Avestar Capital LLC grew its position in O’Reilly Automotive by 153.7% during the 4th quarter. Avestar Capital LLC now owns 208 shares of the specialty retailer’s stock worth $70,000 after acquiring an additional 126 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in O’Reilly Automotive by 16.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 237 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.96% of the company’s stock.
A number of equities research analysts recently weighed in on ORLY shares. BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 21st. Oppenheimer restated a “buy” rating on shares of O’Reilly Automotive in a research report on Thursday, December 20th. Zacks Investment Research upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price objective on the stock in a research report on Thursday, December 20th. Raymond James set a $408.00 price objective on O’Reilly Automotive and gave the stock a “strong-buy” rating in a research report on Friday, December 14th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $345.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 24th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $357.50.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by ($0.04). The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.90 earnings per share. On average, equities research analysts forecast that O’Reilly Automotive Inc will post 17.75 EPS for the current year.
O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase plan on Tuesday, November 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are 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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