O’Reilly Automotive, Inc. (ORLY) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 56.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,362 shares of the specialty retailer’s stock after selling 1,777 shares during the period. Johnson Financial Group Inc.’s holdings in O’Reilly Automotive were worth $298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORLY. Vanguard Group Inc. raised its holdings in shares of O’Reilly Automotive by 0.4% during the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after acquiring an additional 21,454 shares in the last quarter. BlackRock Inc. raised its holdings in shares of O’Reilly Automotive by 2,327.8% during the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after acquiring an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of O’Reilly Automotive by 66.8% during the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after acquiring an additional 1,251,237 shares in the last quarter. Polen Capital Management LLC raised its holdings in shares of O’Reilly Automotive by 35.7% during the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after acquiring an additional 543,664 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of O’Reilly Automotive by 14.6% during the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock worth $387,935,000 after acquiring an additional 226,450 shares in the last quarter. Institutional investors own 96.69% of the company’s stock.

In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $200.87, for a total value of $1,004,350.00. Following the sale, the director now directly owns 72,562 shares of the company’s stock, valued at approximately $14,575,528.94. The sale 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 company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the sale, the senior vice president now directly owns 9,224 shares in the company, valued at $2,017,657.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,120 shares of company stock worth $3,687,235. 3.12% of the stock is owned by insiders.

Shares of O’Reilly Automotive, Inc. (ORLY) traded down 0.64% during midday trading on Friday, hitting $199.10. The stock had a trading volume of 683,959 shares. The firm has a market capitalization of $17.52 billion, a PE ratio of 17.44 and a beta of 0.76. The company’s 50 day moving average price is $198.89 and its 200-day moving average price is $233.13. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. O’Reilly Automotive’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 EPS. Equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

O’Reilly Automotive announced that its Board of Directors has initiated a share buyback plan on Friday, September 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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Several analysts recently issued reports on ORLY shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upgraded O’Reilly Automotive from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $262.00 to $210.00 in a report on Thursday, July 6th. Credit Suisse Group lowered O’Reilly Automotive from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $262.00 to $195.00 in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $302.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, Royal Bank Of Canada cut their price objective on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $245.30.

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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