O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,824,879 shares of the specialty retailer’s stock after selling 25,776 shares during the period. O’Reilly Automotive accounts for about 1.2% of Principal Financial Group Inc.’s portfolio, making the stock its 10th largest holding. Principal Financial Group Inc.’s holdings in O’Reilly Automotive were worth $2,101,532,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. increased its position in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after acquiring an additional 75,837 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of O’Reilly Automotive by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock worth $1,505,649,000 after buying an additional 19,211 shares during the period. JPMorgan Chase & Co. lifted its stake in O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after acquiring an additional 853,633 shares during the period. Finally, Legal & General Group Plc grew its position in O’Reilly Automotive by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after acquiring an additional 24,767 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,234.15 on Thursday. The company has a market cap of $71.59 billion, a PE ratio of 30.53, a P/E/G ratio of 2.35 and a beta of 0.92. The stock has a fifty day moving average price of $1,157.95 and a 200 day moving average price of $1,086.81. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,239.65.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results 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 firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm earned $10.72 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock valued at $18,280,698 over the last quarter. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of several research reports. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. TD Cowen increased their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Evercore ISI increased their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.