Welch & Forbes LLC Has $86.40 Million Stake in O’Reilly Automotive Inc (ORLY)

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Welch & Forbes LLC trimmed its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 250,915 shares of the specialty retailer’s stock after selling 4,761 shares during the quarter. O’Reilly Automotive comprises 2.4% of Welch & Forbes LLC’s investment portfolio, making the stock its 6th biggest position. Welch & Forbes LLC’s holdings in O’Reilly Automotive were worth $86,398,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ORLY. Victory Capital Management Inc. raised its holdings in shares of O’Reilly Automotive by 326.3% in the 3rd quarter. Victory Capital Management Inc. now owns 207,163 shares of the specialty retailer’s stock worth $71,951,000 after purchasing an additional 158,571 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of O’Reilly Automotive in the 3rd quarter worth about $36,498,000. Bank of Montreal Can raised its holdings in shares of O’Reilly Automotive by 81.2% in the 4th quarter. Bank of Montreal Can now owns 218,758 shares of the specialty retailer’s stock worth $75,324,000 after purchasing an additional 98,053 shares during the period. Smith Asset Management Group LP purchased a new position in shares of O’Reilly Automotive in the 3rd quarter worth about $33,256,000. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of O’Reilly Automotive by 39.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 310,736 shares of the specialty retailer’s stock worth $107,925,000 after purchasing an additional 88,110 shares during the period. Institutional investors own 93.21% of the company’s stock.

Shares of NASDAQ:ORLY traded up $6.74 during mid-day trading on Monday, hitting $366.97. 13,014 shares of the company traded hands, compared to its average volume of 705,256. The company has a market cap of $28.86 billion, a P/E ratio of 22.81, a PEG ratio of 1.29 and a beta of 0.89. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.09 and a current ratio of 0.91. O’Reilly Automotive Inc has a 52-week low of $217.64 and a 52-week high of $366.18.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the firm earned $2.90 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that O’Reilly Automotive Inc will post 17.75 earnings per share for the current year.

O’Reilly Automotive announced that its board has initiated a stock repurchase program on Tuesday, November 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

ORLY has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 price objective on the stock in a report on Friday, October 19th. Wells Fargo & Co restated a “buy” rating and issued a $345.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 24th. Credit Suisse Group set a $318.00 target price on O’Reilly Automotive and gave the company a “hold” rating in a report on Thursday, October 25th. BidaskClub downgraded O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a report on Friday, October 26th. Finally, Wolfe Research downgraded O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, October 26th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target 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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Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive Inc (NASDAQ:ORLY).

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

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