Marathon Partners Equity Management LLC Invests $3.55 Million in O'Reilly Automotive Inc (NASDAQ:ORLY) Stock

Marathon Partners Equity Management LLC purchased a new position in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,500 shares of the specialty retailer’s stock, valued at approximately $3,554,000. O'Reilly Automotive makes up 1.6% of Marathon Partners Equity Management LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds have also modified their holdings of ORLY. Monetary Management Group Inc. increased its stake in O'Reilly Automotive by 16.3% during the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after acquiring an additional 65 shares during the last quarter. Barrett Asset Management LLC boosted its position in shares of O'Reilly Automotive by 261.5% during the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares during the period. NEXT Financial Group Inc purchased a new position in shares of O'Reilly Automotive during the third quarter worth $100,000. Amica Retiree Medical Trust purchased a new position in shares of O'Reilly Automotive during the third quarter worth $107,000. Finally, Proficio Capital Partners LLC boosted its position in shares of O'Reilly Automotive by 1.0% during the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after buying an additional 5 shares during the period. Institutional investors own 88.33% of the company’s stock.

Shares of O'Reilly Automotive Inc (ORLY) traded down $1.82 on Friday, reaching $240.54. The company’s stock had a trading volume of 834,625 shares, compared to its average volume of 1,024,234. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. The firm has a market cap of $20,607.31, a P/E ratio of 20.49, a PEG ratio of 1.43 and a beta of 0.84. O'Reilly Automotive Inc has a 52 week low of $169.43 and a 52 week high of $283.97.

O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.07. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. O'Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.90 EPS. research analysts anticipate that O'Reilly Automotive Inc will post 11.89 earnings per share for the current year.

O'Reilly Automotive declared that its Board of Directors has approved a stock repurchase program on Friday, September 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, Chairman David E. Oreilly sold 70,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the completion of the sale, the chairman now directly owns 135,776 shares of the company’s stock, valued at approximately $29,910,095.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $211.24, for a total transaction of $219,689.60. Following the completion of the transaction, the senior vice president now directly owns 9,250 shares of the company’s stock, valued at $1,953,970. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,945 shares of company stock valued at $33,756,392. 3.12% of the stock is owned by corporate insiders.

ORLY has been the subject of a number of recent research reports. Oppenheimer set a $220.00 target price on O'Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group set a $193.00 target price on O'Reilly Automotive and gave the company a “hold” rating in a report on Thursday, October 26th. UBS Group restated a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of O'Reilly Automotive in a research note on Thursday, October 19th. Robert W. Baird reiterated a “neutral” rating on shares of O'Reilly Automotive in a research report on Friday, September 1st. Finally, Citigroup boosted their price target on O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. O'Reilly Automotive has a consensus rating of “Buy” and an average price target of $247.27.

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O'Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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

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