PNC Financial Services Group Inc. Decreases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

PNC Financial Services Group Inc. cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,857 shares of the specialty retailer’s stock after selling 1,762 shares during the quarter. PNC Financial Services Group Inc.’s holdings in O’Reilly Automotive were worth $40,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC increased its stake in shares of O’Reilly Automotive by 5.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 547 shares of the specialty retailer’s stock worth $630,000 after purchasing an additional 27 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of O’Reilly Automotive by 6.9% during the 3rd quarter. Fiera Capital Corp now owns 419 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 27 shares during the last quarter. SpiderRock Advisors LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $1,225,000. Assetmark Inc. boosted its holdings in shares of O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $219,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In other news, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares in the company, valued at $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ORLY shares. Royal Bank of Canada upped their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. DA Davidson upped their target price on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Finally, Guggenheim upped their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Down 0.9 %

Shares of O’Reilly Automotive stock opened at $1,319.01 on Monday. The stock’s fifty day moving average is $1,277.95 and its two-hundred day moving average is $1,218.60. The company has a market capitalization of $75.54 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.