Massachusetts Financial Services Co. MA Grows Position in O’Reilly Auto Parts (ORLY)

Massachusetts Financial Services Co. MA increased its position in shares of O’Reilly Auto Parts (NASDAQ:ORLY) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,624 shares of the specialty retailer’s stock after purchasing an additional 25,830 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.08% of O’Reilly Auto Parts worth $17,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ORLY. NuWave Investment Management LLC acquired a new stake in O’Reilly Auto Parts during the 4th quarter worth approximately $122,000. Tower Research Capital LLC TRC lifted its holdings in O’Reilly Auto Parts by 58.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 240 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in O’Reilly Auto Parts during the 4th quarter worth approximately $183,000. Global X Management Co. LLC lifted its holdings in O’Reilly Auto Parts by 68.3% during the 1st quarter. Global X Management Co. LLC now owns 808 shares of the specialty retailer’s stock worth $200,000 after purchasing an additional 328 shares during the last quarter. Finally, Choate Investment Advisors acquired a new stake in O’Reilly Auto Parts during the 1st quarter worth approximately $205,000. 90.51% of the stock is owned by institutional investors and hedge funds.

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ORLY has been the subject of several research reports. Credit Suisse Group lifted their price target on O’Reilly Auto Parts 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. Citigroup lifted their price target on O’Reilly Auto Parts from $290.00 to $309.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Jefferies Group reissued a “buy” rating and set a $297.00 price target on shares of O’Reilly Auto Parts in a report on Friday, February 9th. Robert W. Baird lifted their price target on O’Reilly Auto Parts from $230.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, BidaskClub cut O’Reilly Auto Parts from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Twelve research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $253.14.

In other news, Chairman David E. Oreilly sold 30,000 shares of O’Reilly Auto Parts stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $259.60, for a total value of $7,788,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Lee Ellis sold 1,500 shares of O’Reilly Auto Parts stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $250.67, for a total value of $376,005.00. Following the completion of the transaction, the senior vice president now owns 1,856 shares in the company, valued at approximately $465,243.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,124 shares of company stock worth $25,488,166. Corporate insiders own 3.12% of the company’s stock.

Shares of O’Reilly Auto Parts opened at $272.09 on Friday, according to MarketBeat Ratings. O’Reilly Auto Parts has a 52-week low of $169.43 and a 52-week high of $279.23. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.11 and a current ratio of 0.92. The firm has a market capitalization of $22.35 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93.

O’Reilly Auto Parts (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.58 by $0.03. O’Reilly Auto Parts had a return on equity of 175.10% and a net margin of 12.89%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the company posted $2.60 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts expect that O’Reilly Auto Parts will post 15.5 earnings per share for the current year.

O’Reilly Auto Parts announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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