Brookstone Capital Management purchased a new stake in O'Reilly Automotive Inc (NASDAQ:ORLY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,020 shares of the specialty retailer’s stock, valued at approximately $245,000.
A number of other large investors have also bought and sold shares of ORLY. Arrowstreet Capital Limited Partnership purchased a new stake in shares of O'Reilly Automotive during the 2nd quarter worth about $656,000. Westwood Holdings Group Inc. purchased a new stake in shares of O'Reilly Automotive during the 2nd quarter worth about $168,000. Sterling Capital Management LLC purchased a new stake in shares of O'Reilly Automotive during the 2nd quarter worth about $1,261,000. Toronto Dominion Bank boosted its stake in shares of O'Reilly Automotive by 24.5% during the 2nd quarter. Toronto Dominion Bank now owns 30,837 shares of the specialty retailer’s stock worth $6,744,000 after acquiring an additional 6,074 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its stake in shares of O'Reilly Automotive by 21.2% during the 2nd quarter. Sentry Investment Management LLC now owns 7,254 shares of the specialty retailer’s stock worth $1,587,000 after acquiring an additional 1,269 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on ORLY shares. Zacks Investment Research raised shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a research note on Wednesday, December 27th. Citigroup increased their target price on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Royal Bank of Canada raised shares of O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 13th. Credit Suisse Group set a $193.00 target price on shares of O'Reilly Automotive and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, UBS Group reissued a “buy” rating and set a $240.00 target price (up from $230.00) on shares of O'Reilly Automotive in a research note on Thursday, October 19th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. O'Reilly Automotive presently has a consensus rating of “Buy” and a consensus target price of $251.05.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts forecast that O'Reilly Automotive Inc will post 15.44 earnings per share for the current year.
O'Reilly Automotive announced that its board has approved a share buyback plan on Wednesday, February 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
In related news, SVP Jeremy Adam Fletcher sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the senior vice president now owns 10,900 shares in the company, valued at approximately $2,997,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $235.00, for a total transaction of $244,400.00. Following the completion of the sale, the senior vice president now owns 9,255 shares of the company’s stock, valued at approximately $2,174,925. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,680 shares of company stock valued at $35,748,242. Insiders own 3.12% of the company’s stock.
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O'Reilly Automotive 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.
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