O’Reilly Automotive (NASDAQ:ORLY) Rating Lowered to Hold at StockNews.com

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities analysts also recently issued reports about the company. UBS Group boosted their price objective on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Evercore ISI upped their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wedbush lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets lifted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,339.09 on Friday. The stock has a 50-day moving average of $1,304.82 and a 200 day moving average of $1,232.04. O’Reilly Automotive has a one year low of $947.49 and a one year high of $1,389.05. The company has a market capitalization of $76.65 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive’s stock is set to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be issued to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, equities analysts predict that O’Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the sale, the chief executive officer now directly owns 760 shares in the company, valued at approximately $988,000. This trade represents a 52.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now directly owns 1,398 shares in the company, valued at approximately $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock valued at $10,409,618 over the last 90 days. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Institutional investors have recently bought and sold shares of the stock. Lee Danner & Bass Inc. acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $28,000. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive during the fourth quarter worth about $30,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive during the third quarter worth $32,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of O’Reilly Automotive during the 4th quarter valued at about $32,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.