O’Reilly Automotive (NASDAQ:ORLY) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a hold rating in a research report released on Tuesday.

Other equities research analysts have also issued reports about the stock. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Mizuho increased 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. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, BMO Capital Markets increased their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Up 2.4 %

Shares of ORLY stock opened at $1,346.58 on Tuesday. The business has a 50-day moving average price of $1,256.62 and a two-hundred day moving average price of $1,205.97. O’Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,350.27. The firm has a market cap of $77.74 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, research analysts expect that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This trade represents a 64.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 248 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the sale, the director now directly owns 971 shares of the company’s stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,581 shares of company stock worth $3,375,490 in the last ninety days. 1.55% of the stock is owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Institutional investors have recently modified their holdings of the company. Integrated Advisors Network LLC boosted its stake in O’Reilly Automotive by 3.3% during the fourth quarter. Integrated Advisors Network LLC now owns 1,735 shares of the specialty retailer’s stock worth $2,057,000 after buying an additional 56 shares in the last quarter. Ascent Group LLC raised its holdings in shares of O’Reilly Automotive by 6.3% in the fourth quarter. Ascent Group LLC now owns 2,144 shares of the specialty retailer’s stock valued at $2,542,000 after buying an additional 128 shares during the last quarter. Forum Financial Management LP raised its holdings in O’Reilly Automotive by 1.5% during the 4th quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer’s stock worth $739,000 after purchasing an additional 9 shares during the last quarter. Cache Advisors LLC bought a new stake in O’Reilly Automotive during the 4th quarter worth about $18,057,000. Finally, GF Fund Management CO. LTD. bought a new stake in O’Reilly Automotive during the 4th quarter worth about $12,974,000. Institutional investors own 85.00% of the company’s stock.

About O’Reilly Automotive

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.