Principal Street Partners LLC Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Principal Street Partners LLC decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 625 shares of the specialty retailer’s stock after selling 31 shares during the quarter. Principal Street Partners LLC’s holdings in O’Reilly Automotive were worth $712,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $32,000. Trifecta Capital Advisors LLC grew its stake in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive during the third quarter worth $37,000. Princeton Global Asset Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at $41,000. Finally, Kings Path Partners LLC acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at $44,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ORLY shares. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Truist Financial lifted their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Trading Up 0.9 %

Shares of NASDAQ:ORLY traded up $11.39 during midday trading on Tuesday, hitting $1,238.76. 521,913 shares of the stock were exchanged, compared to its average volume of 375,694. The stock has a market cap of $71.51 billion, a P/E ratio of 30.65, a PEG ratio of 2.49 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.30. The company has a 50 day moving average price of $1,181.53 and a 200-day moving average price of $1,103.72.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $10.72 EPS. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

O’Reilly Automotive Company 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.