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

Principal Financial Group Inc. reduced its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,824,879 shares of the specialty retailer’s stock after selling 25,776 shares during the quarter. O’Reilly Automotive makes up approximately 1.2% of Principal Financial Group Inc.’s investment portfolio, making the stock its 10th largest position. Principal Financial Group Inc. owned approximately 3.15% of O’Reilly Automotive worth $2,101,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ORLY. Trifecta Capital Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the period. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive in the third quarter worth about $41,000. Crewe Advisors LLC bought a new position in O’Reilly Automotive during the 1st quarter worth about $43,000. Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the 2nd quarter valued at about $44,000. Finally, ORG Partners LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,234.15 on Thursday. The firm has a market capitalization of $71.59 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 2.35 and a beta of 0.92. The business’s 50 day moving average price is $1,157.95 and its 200-day moving average price is $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 released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 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 analysts’ expectations of $4.42 billion. During the same period in the prior year, the firm earned $10.72 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current year.

Analysts Set New Price Targets

ORLY has been the subject of several analyst reports. Bank of America increased their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays raised their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value 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 approximately $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s 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 ninety days. Insiders own 1.18% of the company’s stock.

About O’Reilly Automotive

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.