Vaughan Nelson Investment Management L.P. Has $168.37 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Vaughan Nelson Investment Management L.P. trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,206 shares of the specialty retailer’s stock after selling 46,621 shares during the quarter. O’Reilly Automotive makes up 1.5% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 18th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in O’Reilly Automotive were worth $168,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLY. Kingsview Wealth Management LLC acquired a new position in O’Reilly Automotive in the first quarter valued at approximately $254,000. Edgestream Partners L.P. boosted its position in shares of O’Reilly Automotive by 8.2% in the 1st quarter. Edgestream Partners L.P. now owns 1,467 shares of the specialty retailer’s stock worth $1,656,000 after purchasing an additional 111 shares during the last quarter. Rockport Wealth LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $730,000. O Shaughnessy Asset Management LLC increased its holdings in O’Reilly Automotive by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after purchasing an additional 701 shares during the last quarter. Finally, Seven Eight Capital LP lifted its stake in O’Reilly Automotive by 40.4% in the first quarter. Seven Eight Capital LP now owns 382 shares of the specialty retailer’s stock valued at $431,000 after buying an additional 110 shares during the period. 85.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORLY shares. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,213.37 on Friday. The stock’s 50-day simple moving average is $1,170.83 and its 200 day simple moving average is $1,094.85. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30. The company has a market cap of $70.05 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.46 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company earned $10.72 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares of the company’s stock, valued at $158,511,717.28. This trade represents a 8.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 over the last quarter. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Company Profile

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, Puerto Rico, and Mexico. 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.