O’Reilly Automotive (NASDAQ:ORLY) Given “Buy” Rating at Guggenheim

Guggenheim reaffirmed their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report sent to investors on Monday morning,Benzinga reports. Guggenheim currently has a $1,475.00 price objective on the specialty retailer’s stock.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. BMO Capital Markets upped 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. Mizuho raised their target price on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. DA Davidson upped their price target on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Wedbush increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Trading Up 2.1 %

Shares of ORLY opened at $1,346.58 on Monday. The firm has a fifty day moving average price of $1,281.29 and a 200-day moving average price of $1,220.14. The firm has a market capitalization of $77.12 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.34 and a beta of 0.91. O’Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Activity

In related news, Director Andrea Weiss sold 248 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the completion of the transaction, the director now owns 452 shares in the company, valued at $592,675.96. This trade represents a 35.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the sale, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock worth $10,409,618 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently modified their holdings of ORLY. Vanguard Group Inc. raised its position in O’Reilly Automotive by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,163,271 shares of the specialty retailer’s stock worth $6,122,607,000 after buying an additional 17,325 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of O’Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of O’Reilly Automotive by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. FMR LLC lifted its position in O’Reilly Automotive by 0.8% during the fourth quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer’s stock valued at $1,711,750,000 after purchasing an additional 11,039 shares during the period. Finally, Invesco Ltd. boosted its holdings in O’Reilly Automotive by 6.2% in the fourth quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer’s stock valued at $948,460,000 after purchasing an additional 46,979 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.