Principal Financial Group Inc. decreased its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,824,879 shares of the specialty retailer's stock after selling 25,776 shares during the quarter. O'Reilly Automotive makes up 1.2% of Principal Financial Group Inc.'s holdings, making the stock its 10th largest holding. Principal Financial Group Inc. owned about 3.15% of O'Reilly Automotive worth $2,101,532,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Bank Pictet & Cie Asia Ltd. purchased a new position in shares of O'Reilly Automotive in the 2nd quarter valued at $800,000. Handelsbanken Fonder AB lifted its position in O'Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer's stock valued at $34,507,000 after acquiring an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake 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 acquiring an additional 701 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in O'Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock worth $15,458,000 after purchasing an additional 6,954 shares during the last quarter. Finally, Marshfield Associates increased its position in shares of O'Reilly Automotive by 0.6% during the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer's stock worth $319,866,000 after purchasing an additional 1,718 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Stock Performance
Shares of O'Reilly Automotive stock traded down $13.44 on Thursday, reaching $1,220.71. The company had a trading volume of 209,235 shares, compared to its average volume of 374,898. The firm has a market cap of $70.81 billion, a PE ratio of 30.53, a PEG ratio of 2.35 and a beta of 0.92. The firm's 50 day moving average price is $1,157.95 and its two-hundred day moving average price is $1,086.81. O'Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,239.65.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.72 earnings per share. As a group, sell-side analysts predict that O'Reilly Automotive, Inc. will post 40.82 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Wedbush reissued a "neutral" rating and issued a $1,200.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. UBS Group cut their target price on O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating on the stock in a research report on Thursday, July 18th. BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. Finally, DA Davidson reissued a "buy" rating and issued a $1,275.00 price objective on shares of O'Reilly Automotive in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, O'Reilly Automotive has an average rating of "Moderate Buy" and a consensus target price of $1,242.13.
View Our Latest Report on ORLY
Insider Transactions at O'Reilly Automotive
In other O'Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction dated 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 sale, the director now owns 141,589 shares of the company's stock, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other O'Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following 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 dated Tuesday, August 27th. The shares were 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. Over the last 90 days, insiders have sold 16,322 shares of company stock valued at $18,280,698. 1.18% of the stock is currently owned by company insiders.
About O'Reilly Automotive
(
Free Report)
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.
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