Neuberger Berman Group LLC lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,030 shares of the specialty retailer’s stock after selling 44,055 shares during the quarter. Neuberger Berman Group LLC owned 0.07% of O’Reilly Automotive worth $14,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLY. Rational Advisors LLC bought a new position in shares of O’Reilly Automotive during the first quarter valued at about $688,000. Glenview Trust Co grew its stake in shares of O’Reilly Automotive by 198.6% during the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock valued at $2,246,000 after buying an additional 5,536 shares during the last quarter. First Trust Advisors LP grew its stake in shares of O’Reilly Automotive by 9.7% during the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock valued at $13,059,000 after buying an additional 4,292 shares during the last quarter. Aberdeen Asset Management PLC UK grew its stake in shares of O’Reilly Automotive by 8.7% during the first quarter. Aberdeen Asset Management PLC UK now owns 19,708 shares of the specialty retailer’s stock valued at $5,318,000 after buying an additional 1,574 shares during the last quarter. Finally, Brant Point Investment Management LLC grew its stake in shares of O’Reilly Automotive by 18.5% during the first quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after buying an additional 4,450 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.40, for a total transaction of $987,000.00. Following the transaction, the director now owns 142,754 shares in the company, valued at $28,179,639.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock worth $3,687,235 over the last quarter. 3.12% of the stock is currently owned by insiders.

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Shares of O’Reilly Automotive, Inc. (ORLY) opened at 199.10 on Friday. The firm has a 50-day moving average of $198.89 and a 200 day moving average of $233.13. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $286.57. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 17.44 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive declared that its Board of Directors has approved a share buyback program on Friday, September 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently issued reports on ORLY shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $302.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Credit Suisse Group reaffirmed a “buy” rating and set a $262.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, June 14th. UBS AG reaffirmed a “buy” rating and set a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a research note on Friday, July 7th. Finally, Northcoast Research raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price objective on the stock in a research note on Tuesday, July 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive has a consensus rating of “Hold” and an average target price of $245.30.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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

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