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

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

ORLY has been the topic of a number of other reports. Barclays boosted their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Wells Fargo & Company increased their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Mizuho lifted their price objective on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BMO Capital Markets increased their target price 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. Finally, Royal Bank of Canada lifted 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 research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,353.46 on Tuesday. O’Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,359.19. The company has a 50 day simple moving average of $1,261.51 and a two-hundred day simple moving average of $1,207.86. The company has a market capitalization of $78.14 billion, a PE ratio of 33.29, a P/E/G ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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%. Research analysts predict that O’Reilly Automotive will post 43.94 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 275 shares in the company, valued at $364,375. This represents a 64.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the transaction, the director now directly owns 971 shares in the company, valued at $1,278,001.07. The trade was a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 over the last ninety days. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Norges Bank purchased a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $867,190,000. Wellington Management Group LLP boosted its position in O’Reilly Automotive by 73.0% in 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. Proficio Capital Partners LLC grew its stake in O’Reilly Automotive by 205,600.0% in the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after purchasing an additional 503,720 shares during the period. Mizuho Securities USA LLC increased its position in shares of O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth $208,248,000. Hedge funds and other institutional investors 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.