Texas Permanent School Fund reduced its position in O’Reilly Automotive Inc (NASDAQ:ORLY) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,085 shares of the specialty retailer’s stock after selling 1,904 shares during the period. Texas Permanent School Fund’s holdings in O’Reilly Automotive were worth $6,281,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. Principal Financial Group Inc. increased its position in shares of O’Reilly Automotive by 1.5% in the first quarter. Principal Financial Group Inc. now owns 2,615,556 shares of the specialty retailer’s stock valued at $647,037,000 after buying an additional 37,570 shares in the last quarter. LPL Financial LLC increased its holdings in O’Reilly Automotive by 26.4% during the 1st quarter. LPL Financial LLC now owns 7,047 shares of the specialty retailer’s stock valued at $1,743,000 after acquiring an additional 1,473 shares in the last quarter. Suntrust Banks Inc. increased its holdings in O’Reilly Automotive by 35.8% during the 1st quarter. Suntrust Banks Inc. now owns 4,758 shares of the specialty retailer’s stock valued at $1,176,000 after acquiring an additional 1,254 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $178,000. Finally, DnB Asset Management AS increased its stake in shares of O’Reilly Automotive by 4.7% during the 2nd quarter. DnB Asset Management AS now owns 11,066 shares of the specialty retailer’s stock worth $3,027,000 after purchasing an additional 500 shares in the last quarter. 85.91% of the stock is owned by hedge funds and other institutional investors.
O’Reilly Automotive stock opened at $324.55 on Friday. O’Reilly Automotive Inc has a 1 year low of $190.00 and a 1 year high of $351.65. The company has a market capitalization of $27.78 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.38 and a beta of 0.98. The company has a quick ratio of 0.11, a current ratio of 0.92 and a debt-to-equity ratio of 8.45.
In other O’Reilly Automotive news, Director John Raymond Murphy sold 400 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $331.28, for a total transaction of $132,512.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brad W. Beckham sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $305.35, for a total value of $1,526,750.00. Following the sale, the executive vice president now directly owns 5,428 shares of the company’s stock, valued at approximately $1,657,439.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,181 shares of company stock valued at $43,458,132 over the last three months. Corporate insiders own 3.07% of the company’s stock.
A number of research analysts have recently weighed in on ORLY shares. Bank of America reissued a “top pick” rating and set a $390.00 price objective (up from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $335.00 price target for the company in a research report on Thursday, July 19th. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 27th. Oppenheimer raised their price target on O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, BidaskClub cut O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $336.56.
About O’Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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