Blair William & Co. IL decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,625 shares of the specialty retailer’s stock after selling 697 shares during the period. Blair William & Co. IL owned 0.13% of O’Reilly Automotive worth $41,919,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth $221,000. Foster Victor Wealth Advisors LLC increased its holdings in shares of O’Reilly Automotive by 13.9% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 13,492 shares of the specialty retailer’s stock valued at $6,221,000 after purchasing an additional 1,645 shares in the last quarter. Hardy Reed LLC increased its holdings in shares of O’Reilly Automotive by 8.6% in the 3rd quarter. Hardy Reed LLC now owns 975 shares of the specialty retailer’s stock valued at $450,000 after purchasing an additional 77 shares in the last quarter. Alberta Investment Management Corp increased its holdings in shares of O’Reilly Automotive by 45.6% in the 3rd quarter. Alberta Investment Management Corp now owns 11,500 shares of the specialty retailer’s stock valued at $5,302,000 after purchasing an additional 3,600 shares in the last quarter. Finally, JustInvest LLC purchased a new position in shares of O’Reilly Automotive in the 3rd quarter valued at about $258,000. Institutional investors and hedge funds own 82.00% of the company’s stock.
O’Reilly Automotive stock opened at $455.37 on Tuesday. O’Reilly Automotive, Inc. has a 12-month low of $251.51 and a 12-month high of $496.61. The stock has a market capitalization of $32.99 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.44 and a beta of 0.98. The firm’s 50-day moving average is $455.02 and its two-hundred day moving average is $456.55. The company has a debt-to-equity ratio of 5.81, a current ratio of 0.98 and a quick ratio of 0.35.
O’Reilly Automotive announced that its board has initiated a stock buyback program on Wednesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
Several equities analysts have weighed in on ORLY shares. Oppenheimer restated a “buy” rating and set a $555.00 target price on shares of O’Reilly Automotive in a report on Thursday, February 11th. Wedbush dropped their target price 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, TheStreet downgraded shares of O’Reilly Automotive from a “b” rating to a “c+” rating in a report on Wednesday, February 10th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $480.38.
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.
Further Reading: Elliott Wave Theory
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