O'Reilly Automotive Inc (ORLY) Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 2,894.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,066 shares of the specialty retailer’s stock after purchasing an additional 35,828 shares during the period. Teacher Retirement System of Texas’ holdings in O'Reilly Automotive were worth $8,916,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ORLY. Macquarie Group Ltd. lifted its holdings in shares of O'Reilly Automotive by 6.7% during the 2nd quarter. Macquarie Group Ltd. now owns 37,300 shares of the specialty retailer’s stock valued at $8,160,000 after purchasing an additional 2,350 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of O'Reilly Automotive during the 2nd quarter valued at about $656,000. Westwood Holdings Group Inc. bought a new position in shares of O'Reilly Automotive during the 2nd quarter valued at about $168,000. Sterling Capital Management LLC acquired a new stake in O'Reilly Automotive in the 2nd quarter valued at approximately $1,261,000. Finally, Toronto Dominion Bank raised its position in O'Reilly Automotive by 24.5% in the 2nd quarter. Toronto Dominion Bank now owns 30,837 shares of the specialty retailer’s stock valued at $6,744,000 after buying an additional 6,074 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

O'Reilly Automotive Inc (ORLY) opened at $245.31 on Wednesday. The firm has a market capitalization of $20,930.00, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90. O'Reilly Automotive Inc has a 1 year low of $169.43 and a 1 year high of $279.23. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.11 and a current ratio of 0.93.

O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.12. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 EPS. sell-side analysts forecast that O'Reilly Automotive Inc will post 15.44 earnings per share for the current fiscal year.

O'Reilly Automotive declared that its board has authorized a share repurchase program on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

A number of brokerages recently issued reports on ORLY. UBS Group reissued a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of O'Reilly Automotive in a research report on Thursday, October 19th. Royal Bank of Canada raised O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, December 13th. Credit Suisse Group set a $193.00 target price on O'Reilly Automotive and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research raised O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a research report on Wednesday, December 27th. Finally, BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. O'Reilly Automotive has a consensus rating of “Buy” and a consensus target price of $251.05.

In related news, SVP Jeremy Adam Fletcher sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the transaction, the senior vice president now directly owns 10,900 shares of the company’s stock, valued at approximately $2,997,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $235.00, for a total value of $244,400.00. Following the transaction, the senior vice president now directly owns 9,255 shares in the company, valued at $2,174,925. The disclosure for this sale can be found here. Insiders have sold a total of 153,680 shares of company stock worth $35,748,242 in the last ninety days. Insiders own 3.12% of the company’s stock.

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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.

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

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