Neuberger Berman Group LLC Has $55.73 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Neuberger Berman Group LLC reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 23.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,351 shares of the specialty retailer’s stock after selling 24,954 shares during the period. Neuberger Berman Group LLC owned approximately 0.12% of O’Reilly Automotive worth $55,731,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORLY. Lloyd Advisory Services LLC. acquired a new position in O’Reilly Automotive during the first quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in O’Reilly Automotive during the first quarter valued at approximately $27,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in O’Reilly Automotive during the fourth quarter valued at approximately $28,000. Loomis Sayles & Co. L P raised its position in O’Reilly Automotive by 44.6% during the first quarter. Loomis Sayles & Co. L P now owns 81 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 25 shares in the last quarter. Finally, Mascoma Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 125.6% during the first quarter. Mascoma Wealth Management LLC now owns 97 shares of the specialty retailer’s stock worth $66,000 after buying an additional 54 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 0.7 %

Shares of ORLY opened at $693.51 on Monday. The stock has a market capitalization of $43.91 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The firm’s fifty day simple moving average is $704.26 and its two-hundred day simple moving average is $672.41. O’Reilly Automotive, Inc. has a 12 month low of $562.90 and a 12 month high of $750.88.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share for the quarter, missing the consensus estimate of $8.98 by ($0.20). O’Reilly Automotive had a net margin of 15.55% and a negative return on equity of 520.10%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the company posted $8.33 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 31.61 EPS for the current fiscal year.

Insider Activity

In other news, CEO Gregory D. Johnson sold 300 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $750.19, for a total transaction of $225,057.00. Following the transaction, the chief executive officer now owns 4,671 shares in the company, valued at $3,504,137.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Gregory L. Henslee sold 1,649 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $710.58, for a total value of $1,171,746.42. Following the sale, the chairman now owns 8,214 shares in the company, valued at approximately $5,836,704.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory D. Johnson sold 300 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $750.19, for a total transaction of $225,057.00. Following the completion of the sale, the chief executive officer now owns 4,671 shares in the company, valued at approximately $3,504,137.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,444 shares of company stock worth $37,192,687. Company insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ORLY. Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $635.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 24th. Guggenheim boosted their target price on shares of O’Reilly Automotive to $823.00 in a research note on Monday, August 15th. Wells Fargo & Company decreased their target price on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. MKM Partners boosted their target price on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Royal Bank of Canada reduced their price objective on shares of O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $758.43.

O’Reilly Automotive Profile

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O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.

Further Reading

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

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