Argent Trust Co Trims Stake in O’Reilly Automotive Inc (ORLY)

Argent Trust Co reduced its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,225 shares of the specialty retailer’s stock after selling 155 shares during the quarter. Argent Trust Co’s holdings in O’Reilly Automotive were worth $1,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its stake in shares of O’Reilly Automotive by 5.2% during the 4th quarter. Sigma Planning Corp now owns 610 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 30 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in shares of O’Reilly Automotive by 16.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 237 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 34 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of O’Reilly Automotive by 0.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,817 shares of the specialty retailer’s stock valued at $4,758,000 after buying an additional 44 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of O’Reilly Automotive by 2.8% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 1,672 shares of the specialty retailer’s stock valued at $576,000 after buying an additional 45 shares in the last quarter. Finally, BB&T Corp lifted its stake in shares of O’Reilly Automotive by 4.7% during the 4th quarter. BB&T Corp now owns 997 shares of the specialty retailer’s stock valued at $343,000 after buying an additional 45 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

NASDAQ ORLY opened at $377.42 on Thursday. O’Reilly Automotive Inc has a 1 year low of $217.64 and a 1 year high of $379.91. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.09 and a current ratio of 0.91. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.29 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by ($0.04). O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned $2.90 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive Inc will post 17.75 EPS for the current fiscal year.

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

A number of brokerages recently commented on ORLY. Oppenheimer cut shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Credit Suisse Group restated a “hold” rating and set a $318.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, February 5th. Raymond James set a $408.00 price target on shares of O’Reilly Automotive and gave the company a “strong-buy” rating in a research note on Friday, December 14th. Zacks Investment Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $393.00 price target on the stock in a research note on Tuesday, November 27th. Finally, BidaskClub cut shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 4th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $357.50.

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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.

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

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