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

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities analysts have also weighed in on the company. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. TD Cowen upped their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company upped 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. Finally, BMO Capital Markets initiated coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,270.69.

O’Reilly Automotive Trading Down 0.0 %

O’Reilly Automotive stock opened at $1,204.04 on Tuesday. O’Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,283.96. The firm has a market capitalization of $69.51 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.58 and a beta of 0.94. The firm has a 50 day moving average of $1,224.54 and a 200 day moving average of $1,158.85.

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

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value 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. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently modified their holdings of the business. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive in the third quarter worth $32,000. Trifecta Capital Advisors LLC grew its holdings 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 purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive in the 3rd quarter worth about $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the 3rd quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in O’Reilly Automotive during the 4th quarter valued at about $46,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.