SG Americas Securities LLC Increases Holdings in O’Reilly Automotive Inc (ORLY)

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SG Americas Securities LLC raised its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 35.4% in the third quarter, HoldingsChannel.com reports. The fund owned 33,268 shares of the specialty retailer’s stock after purchasing an additional 8,706 shares during the quarter. SG Americas Securities LLC’s holdings in O’Reilly Automotive were worth $11,555,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co boosted its position in shares of O’Reilly Automotive by 0.3% during the third quarter. CENTRAL TRUST Co now owns 44,479 shares of the specialty retailer’s stock valued at $15,449,000 after buying an additional 154 shares during the last quarter. Acropolis Investment Management LLC boosted its position in shares of O’Reilly Automotive by 10.6% during the third quarter. Acropolis Investment Management LLC now owns 1,646 shares of the specialty retailer’s stock valued at $572,000 after buying an additional 158 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of O’Reilly Automotive by 4.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock valued at $950,000 after buying an additional 160 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in shares of O’Reilly Automotive by 10.1% during the third quarter. Levin Capital Strategies L.P. now owns 1,741 shares of the specialty retailer’s stock valued at $605,000 after buying an additional 160 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of O’Reilly Automotive by 2.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock valued at $1,709,000 after buying an additional 166 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on ORLY. Wells Fargo & Co reaffirmed a “buy” rating and set a $320.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 19th. ValuEngine raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Credit Suisse Group lifted their target price on O’Reilly Automotive from $274.00 to $294.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Wedbush lifted their target price on O’Reilly Automotive from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Finally, BidaskClub cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $340.63.

ORLY stock opened at $357.52 on Wednesday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91. O’Reilly Automotive Inc has a 1-year low of $213.72 and a 1-year high of $359.06. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.49 billion. As a group, research analysts predict that O’Reilly Automotive Inc will post 16.1 earnings per share for the current year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback plan on Tuesday, November 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $330.29, for a total value of $6,605,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Adam Fletcher sold 2,500 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $335.00, for a total value of $837,500.00. Following the completion of the sale, the senior vice president now owns 3,428 shares in the company, valued at $1,148,380. The disclosure for this sale can be found here. In the last three months, insiders sold 46,587 shares of company stock worth $15,662,831. Insiders own 3.07% of the company’s stock.

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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, 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.

Further Reading: Why do company’s buyback their stock?

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

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

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