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

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

A number of other research analysts have also recently commented on the company. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Morgan Stanley upped their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, TD Cowen raised their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,269.31.

O’Reilly Automotive Stock Down 1.2 %

Shares of ORLY opened at $1,206.78 on Tuesday. The business has a fifty day moving average of $1,220.74 and a 200 day moving average of $1,142.98. The company has a market cap of $69.67 billion, a PE ratio of 29.86, a P/E/G ratio of 2.58 and a beta of 0.93. O’Reilly Automotive has a 52-week low of $914.50 and a 52-week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $10.72 EPS. As a group, research analysts anticipate that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

Several large investors have recently bought and sold shares of ORLY. Rosenberg Matthew Hamilton raised its stake in O’Reilly Automotive by 13.8% during the second quarter. Rosenberg Matthew Hamilton now owns 140 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 17 shares during the period. HB Wealth Management LLC grew its position in O’Reilly Automotive by 15.1% in the second quarter. HB Wealth Management LLC now owns 1,988 shares of the specialty retailer’s stock worth $2,099,000 after acquiring an additional 261 shares during the period. Arkadios Wealth Advisors increased its stake in O’Reilly Automotive by 21.6% during the second quarter. Arkadios Wealth Advisors now owns 372 shares of the specialty retailer’s stock worth $393,000 after acquiring an additional 66 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in O’Reilly Automotive by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,030 shares of the specialty retailer’s stock valued at $11,648,000 after purchasing an additional 910 shares during the period. Finally, FAS Wealth Partners Inc. raised its position in O’Reilly Automotive by 128.5% in the second quarter. FAS Wealth Partners Inc. now owns 409 shares of the specialty retailer’s stock valued at $432,000 after purchasing an additional 230 shares during the period. 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.