Synovus Financial Corp Grows Stake in O’Reilly Automotive Inc (ORLY)

Synovus Financial Corp raised its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 28.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,999 shares of the specialty retailer’s stock after purchasing an additional 2,197 shares during the quarter. Synovus Financial Corp’s holdings in O’Reilly Automotive were worth $3,445,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORLY. BlackRock Inc. grew its position in shares of O’Reilly Automotive by 1.3% during the third quarter. BlackRock Inc. now owns 6,041,654 shares of the specialty retailer’s stock worth $2,098,387,000 after acquiring an additional 75,454 shares during the last quarter. Vanguard Group Inc. grew its position in shares of O’Reilly Automotive by 0.5% during the third quarter. Vanguard Group Inc. now owns 5,891,448 shares of the specialty retailer’s stock worth $2,046,218,000 after acquiring an additional 30,192 shares during the last quarter. Vanguard Group Inc grew its position in shares of O’Reilly Automotive by 0.5% during the third quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock worth $2,046,218,000 after acquiring an additional 30,192 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of O’Reilly Automotive by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock worth $394,273,000 after acquiring an additional 62,889 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of O’Reilly Automotive by 8.7% during the third quarter. Frontier Capital Management Co. LLC now owns 510,345 shares of the specialty retailer’s stock worth $177,253,000 after acquiring an additional 40,828 shares during the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jay D. Burchfield sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $375.92, for a total value of $563,880.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Larry Lee Ellis sold 800 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $376.23, for a total value of $300,984.00. Following the completion of the sale, the senior vice president now directly owns 1,156 shares of the company’s stock, valued at approximately $434,921.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,915 shares of company stock worth $24,813,754. 3.07% of the stock is currently owned by insiders.



NASDAQ:ORLY traded down $2.17 during midday trading on Wednesday, reaching $382.37. The stock had a trading volume of 144,450 shares, compared to its average volume of 770,861. O’Reilly Automotive Inc has a 12-month low of $217.64 and a 12-month high of $394.42. The company has a debt-to-equity ratio of 9.66, a current ratio of 0.91 and a quick ratio of 0.09. The firm has a market cap of $31.08 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the business earned $2.90 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that O’Reilly Automotive Inc will post 17.79 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its board has approved a share repurchase plan on Tuesday, November 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

ORLY has been the topic of a number of research reports. BidaskClub upgraded shares of 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 shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 target price on the stock in a research report on Thursday, December 20th. Raymond James set a $408.00 target price on shares of O’Reilly Automotive and gave the stock a “strong-buy” rating in a research report on Friday, December 14th. Finally, Wells Fargo & Co restated a “buy” rating and set a $345.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 24th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $357.50.

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O’Reilly Automotive Company 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, 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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