Willingdon Wealth Management raised its stake in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,263 shares of the specialty retailer’s stock after buying an additional 374 shares during the quarter. Willingdon Wealth Management’s holdings in O'Reilly Automotive were worth $2,950,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Bank of Australia grew its holdings in O'Reilly Automotive by 25.4% during the 3rd quarter. Commonwealth Bank of Australia now owns 8,385 shares of the specialty retailer’s stock valued at $1,799,000 after buying an additional 1,698 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in O'Reilly Automotive by 147.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,582 shares of the specialty retailer’s stock valued at $2,494,000 after buying an additional 6,910 shares in the last quarter. Alps Advisors Inc. grew its holdings in O'Reilly Automotive by 35.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,360 shares of the specialty retailer’s stock valued at $508,000 after buying an additional 622 shares in the last quarter. Andra AP fonden grew its holdings in shares of O'Reilly Automotive by 11.2% during the third quarter. Andra AP fonden now owns 28,461 shares of the specialty retailer’s stock worth $6,130,000 after purchasing an additional 2,861 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of O'Reilly Automotive by 226.3% during the third quarter. Canada Pension Plan Investment Board now owns 52,769 shares of the specialty retailer’s stock worth $11,365,000 after purchasing an additional 36,596 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Shares of O'Reilly Automotive Inc (ORLY) opened at $248.25 on Tuesday. The firm has a market capitalization of $21,061.21, a P/E ratio of 19.59, a P/E/G ratio of 1.08 and a beta of 0.90. O'Reilly Automotive Inc has a 12-month low of $169.43 and a 12-month high of $279.23. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.93 and a quick ratio of 0.11.

O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.12. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. O'Reilly Automotive’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.59 EPS. analysts expect that O'Reilly Automotive Inc will post 15.54 earnings per share for the current fiscal year.

O'Reilly Automotive announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In other O'Reilly Automotive news, 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 completion of the sale, the senior vice president now owns 9,255 shares in the company, valued at $2,174,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $275.00, for a total value of $2,750,000.00. Following the completion of the sale, the senior vice president now owns 10,900 shares of the company’s stock, valued at approximately $2,997,500. The disclosure for this sale can be found here. Insiders sold a total of 153,680 shares of company stock valued at $35,748,242 in the last 90 days. 3.12% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on ORLY shares. Citigroup boosted their price objective on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Stephens set a $300.00 price objective on O'Reilly Automotive and gave the stock a “buy” rating in a report on Wednesday, January 17th. Credit Suisse Group boosted their price objective on O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. They noted that the move was a valuation call. BidaskClub raised O'Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Finally, Jefferies Group reissued a “buy” rating and set a $297.00 price objective on shares of O'Reilly Automotive in a report on Friday. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. O'Reilly Automotive has an average rating of “Buy” and an average target price of $251.05.

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

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