Principal Financial Group Inc. Has $1.63 Billion Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Principal Financial Group Inc. lowered its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,716,944 shares of the specialty retailer's stock after selling 24,526 shares during the quarter. O'Reilly Automotive accounts for 1.0% of Principal Financial Group Inc.'s holdings, making the stock its 13th biggest position. Principal Financial Group Inc. owned approximately 2.90% of O'Reilly Automotive worth $1,631,235,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fortune Financial Advisors LLC boosted its stake in O'Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer's stock worth $2,325,000 after buying an additional 57 shares during the last quarter. SignalPoint Asset Management LLC increased its holdings in O'Reilly Automotive by 3.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer's stock worth $48,567,000 after purchasing an additional 1,642 shares during the period. Duality Advisers LP purchased a new position in O'Reilly Automotive in the fourth quarter worth approximately $924,000. NewEdge Wealth LLC grew its stake in shares of O'Reilly Automotive by 13.6% during the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer's stock worth $32,509,000 after purchasing an additional 4,101 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of O'Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer's stock valued at $1,660,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company's stock, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other O'Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company's stock, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares of the company's stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock worth $33,391,813 over the last ninety days. Company insiders own 1.18% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ORLY shares. Wedbush reaffirmed a "neutral" rating and set a $1,100.00 price target on shares of O'Reilly Automotive in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price target on O'Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Royal Bank of Canada upped their price objective on shares of O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Wells Fargo & Company decreased their price target on O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating on the stock in a research note on Thursday, April 25th. Finally, Evercore ISI lowered their price objective on shares of O'Reilly Automotive from $1,220.00 to $1,200.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive presently has an average rating of "Moderate Buy" and a consensus target price of $1,118.29.

O'Reilly Automotive Price Performance

ORLY traded down $6.58 during trading hours on Monday, hitting $1,012.75. 478,129 shares of the stock were exchanged, compared to its average volume of 375,457. The stock has a market cap of $59.64 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. The stock has a 50-day simple moving average of $1,087.85 and a 200-day simple moving average of $1,024.52. O'Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the firm posted $8.28 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 41.93 EPS 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.