PGGM Investments reduced its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,349 shares of the specialty retailer's stock after selling 429 shares during the quarter. PGGM Investments' holdings in O'Reilly Automotive were worth $12,272,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in ORLY. Mesirow Financial Investment Management Inc. boosted its stake in O'Reilly Automotive by 7.7% in the third quarter. Mesirow Financial Investment Management Inc. now owns 322 shares of the specialty retailer's stock valued at $371,000 after acquiring an additional 23 shares in the last quarter. Sigma Planning Corp boosted its position in shares of O'Reilly Automotive by 14.5% in the 3rd quarter. Sigma Planning Corp now owns 1,090 shares of the specialty retailer's stock worth $1,255,000 after purchasing an additional 138 shares in the last quarter. Venturi Wealth Management LLC grew its stake in O'Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock worth $132,000 after buying an additional 9 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in O'Reilly Automotive during the 3rd quarter valued at about $228,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in O'Reilly Automotive by 5.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 801 shares of the specialty retailer's stock valued at $922,000 after buying an additional 43 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a report on Friday, February 7th. BMO Capital Markets lifted their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their price objective on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a report on Friday, February 7th. DA Davidson raised their target price on O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Wedbush boosted their price target on O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $1,390.81.
Check Out Our Latest Analysis on O'Reilly Automotive
O'Reilly Automotive Price Performance
NASDAQ ORLY traded up $20.58 during trading hours on Monday, reaching $1,347.99. The company's stock had a trading volume of 409,021 shares, compared to its average volume of 344,346. O'Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,389.05. The company's 50-day moving average is $1,291.02 and its two-hundred day moving average is $1,225.40. The firm has a market capitalization of $77.20 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.34 and a beta of 0.91.
O'Reilly Automotive shares are scheduled to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be payable to shareholders after the market closes on Monday, June 9th.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
Insider Activity at O'Reilly Automotive
In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 248 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the transaction, the director now directly owns 971 shares in the company, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is owned by corporate insiders.
O'Reilly Automotive Profile
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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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