CNB Bank acquired a new stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 101 shares of the specialty retailer’s stock, valued at approximately $35,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ORLY. Virtus ETF Advisers LLC bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $25,000. Capital Investment Advisory Services LLC bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $39,000. Clean Yield Group bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $40,000. We Are One Seven LLC bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $60,000. Finally, Taylor Hoffman Wealth Management bought a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $68,000. 93.21% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Oppenheimer downgraded O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Credit Suisse Group reiterated a “hold” rating and set a $318.00 target price on shares of O’Reilly Automotive in a research report on Tuesday, February 5th. Zacks Investment Research downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. BidaskClub downgraded O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 9th. Finally, Raymond James set a $408.00 target price on O’Reilly Automotive and gave the company a “strong-buy” rating in a research report on Friday, December 14th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $357.50.
Shares of ORLY opened at $377.42 on Thursday. The firm has a market capitalization of $30.32 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.29 and a beta of 0.89. O’Reilly Automotive Inc has a 52-week low of $217.64 and a 52-week high of $379.91. The company has a quick ratio of 0.09, a current ratio of 0.91 and a debt-to-equity ratio of 9.66.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.90 earnings per share. On average, sell-side analysts anticipate that O’Reilly Automotive Inc will post 17.75 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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