TD Asset Management Inc. Acquires 17,427 Shares of O’Reilly Automotive Inc (ORLY)

TD Asset Management Inc. grew its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 21.5% during the 1st quarter, Holdings Channel reports. The firm owned 98,532 shares of the specialty retailer’s stock after purchasing an additional 17,427 shares during the period. TD Asset Management Inc.’s holdings in O’Reilly Automotive were worth $38,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc raised its holdings in shares of O’Reilly Automotive by 0.5% in the third quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock valued at $2,046,218,000 after purchasing an additional 30,192 shares during the last quarter. Polen Capital Management LLC boosted its position in shares of O’Reilly Automotive by 2.0% during the fourth quarter. Polen Capital Management LLC now owns 2,881,956 shares of the specialty retailer’s stock valued at $992,344,000 after purchasing an additional 57,538 shares in the last quarter. FMR LLC boosted its position in shares of O’Reilly Automotive by 80.9% during the fourth quarter. FMR LLC now owns 1,163,828 shares of the specialty retailer’s stock valued at $400,741,000 after purchasing an additional 520,302 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of O’Reilly Automotive by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 1,121,559 shares of the specialty retailer’s stock valued at $385,559,000 after purchasing an additional 100,713 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of O’Reilly Automotive by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,078,886 shares of the specialty retailer’s stock valued at $371,494,000 after purchasing an additional 34,966 shares in the last quarter. 85.38% of the stock is currently owned by institutional investors.

ORLY has been the topic of several research reports. Citigroup lifted their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Morgan Stanley increased their price target on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Credit Suisse Group reissued a “hold” rating and set a $318.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, February 5th. Oppenheimer lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $379.13.

In other news, COO Jeff M. Shaw sold 2,758 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $395.00, for a total value of $1,089,410.00. Following the sale, the chief operating officer now directly owns 26,992 shares in the company, valued at $10,661,840. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brad W. Beckham sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $370.71, for a total value of $1,853,550.00. Following the completion of the sale, the executive vice president now owns 5,454 shares in the company, valued at $2,021,852.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,858 shares of company stock worth $19,515,668. Company insiders own 2.52% of the company’s stock.

Shares of NASDAQ:ORLY traded down $2.49 during trading on Thursday, hitting $366.13. The company had a trading volume of 15,780 shares, compared to its average volume of 807,204. The firm has a market capitalization of $28.43 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.33 and a beta of 0.81. O’Reilly Automotive Inc has a one year low of $265.11 and a one year high of $414.63. The company has a debt-to-equity ratio of 13.67, a current ratio of 0.84 and a quick ratio of 0.10.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.05. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company earned $3.61 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that O’Reilly Automotive Inc will post 17.77 earnings per share for the current fiscal year.

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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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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

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