PGGM Investments Has $12.27 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

PGGM Investments cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.0% during the fourth quarter, HoldingsChannel reports. The fund 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mesirow Financial Investment Management Inc. increased its position in O’Reilly Automotive by 7.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 322 shares of the specialty retailer’s stock worth $371,000 after purchasing an additional 23 shares during the last quarter. Sigma Planning Corp increased its holdings in O’Reilly Automotive by 14.5% in the third quarter. Sigma Planning Corp now owns 1,090 shares of the specialty retailer’s stock worth $1,255,000 after buying an additional 138 shares during the last quarter. Venturi Wealth Management LLC raised its position in O’Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $228,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position 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 worth $922,000 after acquiring an additional 43 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In related news, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the completion of the transaction, the executive vice president now directly owns 1,398 shares in the company, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares of the company’s stock, valued at approximately $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 in the last quarter. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,309.29 on Thursday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,389.05. The company has a fifty day moving average price of $1,286.52 and a 200 day moving average price of $1,222.22. The stock has a market cap of $74.99 billion, a P/E ratio of 32.20, a PEG ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent research reports. UBS Group raised their price target 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. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Mizuho upped their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $1,475.00 target price on shares of O’Reilly Automotive in a research report on Monday. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Profile

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.