O’Reilly Automotive (NASDAQ:ORLY) Sets New 52-Week High After Analyst Upgrade

O’Reilly Automotive, Inc. (NASDAQ:ORLY)’s share price hit a new 52-week high on Monday after Guggenheim raised their price target on the stock from $1,275.00 to $1,400.00. Guggenheim currently has a buy rating on the stock. O’Reilly Automotive traded as high as $1,284.02 and last traded at $1,279.09, with a volume of 88550 shares trading hands. The stock had previously closed at $1,254.00.

A number of other research firms also recently weighed in on ORLY. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Barclays increased their price objective on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. DA Davidson restated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,295.94.

Insider Activity

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new stake in O’Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its holdings in 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 purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive during the third quarter worth $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

The firm has a market cap of $74.04 billion, a P/E ratio of 31.73, a PEG ratio of 2.30 and a beta of 0.94. The stock’s 50-day moving average is $1,225.18 and its 200 day moving average is $1,170.48.

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.