O’Reilly Auto Parts (ORLY) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in O’Reilly Auto Parts (NASDAQ:ORLY) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,465 shares of the specialty retailer’s stock after selling 1,160 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in O’Reilly Auto Parts were worth $3,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Xact Kapitalforvaltning AB raised its position in shares of O’Reilly Auto Parts by 5.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 16,429 shares of the specialty retailer’s stock valued at $3,952,000 after purchasing an additional 780 shares during the period. Cornercap Investment Counsel Inc. bought a new position in shares of O’Reilly Auto Parts in the fourth quarter valued at about $4,277,000. Envestnet Asset Management Inc. raised its position in shares of O’Reilly Auto Parts by 36.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 51,094 shares of the specialty retailer’s stock valued at $12,291,000 after purchasing an additional 13,567 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of O’Reilly Auto Parts by 7.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 35,653 shares of the specialty retailer’s stock valued at $8,576,000 after purchasing an additional 2,608 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of O’Reilly Auto Parts by 9.8% in the fourth quarter. Toronto Dominion Bank now owns 36,802 shares of the specialty retailer’s stock valued at $8,853,000 after purchasing an additional 3,289 shares during the period. 88.94% of the stock is currently owned by institutional investors.

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In other O’Reilly Auto Parts news, SVP Jason Lee Tarrant sold 1,000 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $262.87, for a total transaction of $262,870.00. Following the sale, the senior vice president now directly owns 1,405 shares in the company, valued at $369,332.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 400 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $245.17, for a total transaction of $98,068.00. The disclosure for this sale can be found here. Insiders have sold 81,859 shares of company stock worth $21,280,641 over the last quarter. Corporate insiders own 3.07% of the company’s stock.

Shares of O’Reilly Auto Parts stock opened at $265.41 on Thursday. The stock has a market cap of $21.77 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.12 and a beta of 0.93. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.11 and a current ratio of 0.92.

O’Reilly Auto Parts (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.03. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.28 billion. O’Reilly Auto Parts had a net margin of 12.89% and a return on equity of 175.10%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.60 earnings per share. equities analysts predict that O’Reilly Auto Parts will post 15.47 EPS for the current fiscal year.

O’Reilly Auto Parts announced that its board has authorized a share repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several equities analysts recently commented on ORLY shares. Zacks Investment Research downgraded shares of O’Reilly Auto Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. BidaskClub upgraded shares of O’Reilly Auto Parts from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Guggenheim downgraded shares of O’Reilly Auto Parts from a “buy” rating to a “neutral” rating and set a $310.00 price target on the stock. in a research note on Tuesday, April 17th. Royal Bank of Canada decreased their price target on shares of O’Reilly Auto Parts and set an “outperform” rating on the stock in a research note on Tuesday, April 24th. Finally, Raymond James decreased their price target on shares of O’Reilly Auto Parts from $300.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 19th. Twelve analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. O’Reilly Auto Parts currently has an average rating of “Buy” and a consensus target price of $253.14.

About O’Reilly Auto Parts

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.

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

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