Amalgamated Bank Raises Stake in O’Reilly Automotive, Inc. (ORLY)
Amalgamated Bank lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 47.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,542 shares of the specialty retailer’s stock after acquiring an additional 3,385 shares during the quarter. Amalgamated Bank’s holdings in O’Reilly Automotive were worth $2,306,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of O’Reilly Automotive by 9.1% during the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock worth $1,359,092,000 after acquiring an additional 520,626 shares during the period. Tiverton Asset Management LLC increased its holdings in O’Reilly Automotive by 8.3% during the second quarter. Tiverton Asset Management LLC now owns 70,448 shares of the specialty retailer’s stock valued at $15,410,000 after buying an additional 5,400 shares during the period. Norinchukin Bank The increased its holdings in O’Reilly Automotive by 116.5% during the second quarter. Norinchukin Bank The now owns 12,892 shares of the specialty retailer’s stock valued at $2,820,000 after buying an additional 6,936 shares during the period. Bridgewater Associates LP purchased a new position in O’Reilly Automotive during the second quarter valued at approximately $4,204,000. Finally, Icon Advisers Inc. Co. increased its holdings in O’Reilly Automotive by 133.1% during the second quarter. Icon Advisers Inc. Co. now owns 27,500 shares of the specialty retailer’s stock valued at $6,015,000 after buying an additional 15,700 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence P. Oreilly sold 5,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.40, for a total transaction of $987,000.00. Following the completion of the transaction, the director now directly owns 142,754 shares in the company, valued at $28,179,639.60. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock worth $3,687,235 over the last ninety days. Insiders own 3.12% of the company’s stock.
Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 209.86 on Monday. The stock’s 50 day moving average is $200.96 and its 200 day moving average is $230.85. The firm has a market capitalization of $18.47 billion, a P/E ratio of 18.38 and a beta of 0.76. 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 posted its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $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 declared that its board has approved a share buyback plan on Friday, September 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages recently issued reports on ORLY. Barclays PLC set a $234.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, July 6th. UBS AG lowered shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Robert W. Baird reissued a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. Finally, Royal Bank Of Canada cut their price objective on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $245.30.
O’Reilly Automotive 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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