Principal Financial Group Inc. Has $2.58 Billion Stock Position in O’Reilly Automotive, Inc. $ORLY

Principal Financial Group Inc. decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,955,892 shares of the specialty retailer’s stock after selling 968,578 shares during the quarter. O’Reilly Automotive comprises about 1.3% of Principal Financial Group Inc.’s portfolio, making the stock its 12th biggest holding. Principal Financial Group Inc.’s holdings in O’Reilly Automotive were worth $2,582,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sivia Capital Partners LLC raised its position in O’Reilly Automotive by 1,190.5% during the second quarter. Sivia Capital Partners LLC now owns 3,536 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 3,262 shares in the last quarter. Naples Global Advisors LLC raised its holdings in shares of O’Reilly Automotive by 1,302.0% in the 2nd quarter. Naples Global Advisors LLC now owns 4,290 shares of the specialty retailer’s stock valued at $387,000 after purchasing an additional 3,984 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $205,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in O’Reilly Automotive by 1,487.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 339,334 shares of the specialty retailer’s stock valued at $30,584,000 after purchasing an additional 317,952 shares during the last quarter. Finally, Triad Wealth Partners LLC grew its holdings in O’Reilly Automotive by 1,510.2% during the second quarter. Triad Wealth Partners LLC now owns 5,040 shares of the specialty retailer’s stock worth $454,000 after purchasing an additional 4,727 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Wolfe Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Truist Financial set a $109.00 target price on shares of O’Reilly Automotive in a research note on Friday, October 24th. Robert W. Baird raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. Finally, Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and a consensus price target of $111.85.

O’Reilly Automotive Stock Performance

ORLY opened at $98.41 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $85.55 and a 52-week high of $108.71. The firm has a market cap of $83.07 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.63. The business’s fifty day moving average is $95.49 and its 200-day moving average is $99.06.

Insiders Place Their Bets

In other news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the transaction, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. The trade was a 98.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,980 shares of company stock worth $882,335 over the last three months. Insiders own 1.01% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.