Synovus Financial Corp boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 22.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,092 shares of the specialty retailer’s stock after acquiring an additional 918 shares during the period. Synovus Financial Corp’s holdings in O’Reilly Automotive were worth $1,102,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ORLY. NEXT Financial Group Inc bought a new position in O’Reilly Automotive in the third quarter worth approximately $100,000. Monetary Management Group Inc. boosted its holdings in O’Reilly Automotive by 16.3% in 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 in the last quarter. Barrett Asset Management LLC boosted its holdings in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 340 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 5 shares in the last quarter. Finally, Amica Retiree Medical Trust bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $107,000. Institutional investors and hedge funds own 88.56% of the company’s stock.
A number of research analysts have recently weighed in on ORLY shares. Bank of America restated a “buy” rating and issued a $250.00 target price on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Citigroup raised their target price on O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. 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 restated a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Finally, Robert W. Baird restated a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. O’Reilly Automotive has a consensus rating of “Buy” and an average price target of $243.48.
O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at $245.83 on Thursday. The firm has a market capitalization of $21,274.78, a price-to-earnings ratio of 21.74, a PEG ratio of 1.48 and a beta of 0.84. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.15 by $0.07. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 earnings per share. analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 EPS for the current year.
O’Reilly Automotive announced that its board has initiated a stock buyback plan on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to buy up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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About O’Reilly Automotive
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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