Argent Trust Co decreased its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,225 shares of the specialty retailer’s stock after selling 155 shares during the period. Argent Trust Co’s holdings in O’Reilly Automotive were worth $1,799,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $25,000. CNB Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $35,000. Capital Investment Advisory Services LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $39,000. Clean Yield Group acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $40,000. Finally, We Are One Seven LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 93.21% of the company’s stock.
NASDAQ:ORLY opened at $377.42 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.91 and a debt-to-equity ratio of 9.66. The stock has a market cap of $30.32 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89. O’Reilly Automotive Inc has a one year low of $217.64 and a one year high of $379.91.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.04). The business had revenue of $2.32 billion for 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 company’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 earnings per share. On average, equities analysts predict that O’Reilly Automotive Inc will post 17.75 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its board has approved a stock repurchase program on Tuesday, November 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
ORLY has been the topic of several research reports. BidaskClub upgraded shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 21st. Oppenheimer reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Thursday, December 20th. Zacks Investment Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price objective on the stock in a report on Thursday, December 20th. Raymond James set a $408.00 price objective on shares of O’Reilly Automotive and gave the company a “strong-buy” rating in a report on Friday, December 14th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $345.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 24th. 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. The company has an average rating of “Buy” and a consensus price target of $357.50.
About O’Reilly Automotive
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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