Neuberger Berman Group LLC Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

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

Several other institutional investors and hedge funds have also recently made changes to their positions in ORLY. Norges Bank purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $449,778,000. Jennison Associates LLC raised its position in shares of O’Reilly Automotive by 491.7% during the 1st quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock valued at $348,144,000 after buying an additional 422,371 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of O’Reilly Automotive by 128.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock valued at $470,900,000 after buying an additional 386,822 shares in the last quarter. Carmignac Gestion purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $194,291,000. Finally, Invesco Ltd. raised its position in shares of O’Reilly Automotive by 29.8% during the 1st quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer’s stock valued at $759,715,000 after buying an additional 254,823 shares in the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

O’Reilly Automotive Trading Up 0.7 %

Shares of ORLY opened at $693.51 on Monday. The firm’s 50-day moving average price is $704.26 and its 200-day moving average price is $672.41. The firm has a market capitalization of $43.91 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.76 and a beta of 0.99. O’Reilly Automotive, Inc. has a 1-year low of $562.90 and a 1-year high of $750.88.

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

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 15,000 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $723.11, for a total value of $10,846,650.00. Following the completion of the transaction, the chairman now directly owns 279,582 shares of the company’s stock, valued at $202,168,540.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman David E. Oreilly sold 7,145 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total transaction of $5,001,500.00. Following the completion of the transaction, the chairman now directly owns 294,582 shares of the company’s stock, valued at $206,207,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $723.11, for a total transaction of $10,846,650.00. Following the transaction, the chairman now directly owns 279,582 shares of the company’s stock, valued at $202,168,540.02. The disclosure for this sale can be found here. Insiders have sold 51,444 shares of company stock valued at $37,192,687 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ORLY shares. Morgan Stanley lifted 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 report on Wednesday, August 24th. MKM Partners lifted 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 report on Friday, July 29th. Royal Bank of Canada decreased their target price on shares of O’Reilly Automotive from $806.00 to $795.00 in a research report on Friday, July 29th. Truist Financial decreased their target price on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Finally, DA Davidson lifted their target price on shares of O’Reilly Automotive from $740.00 to $815.00 in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $758.43.

O’Reilly Automotive Company 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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