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

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

Other equities research analysts have also recently issued research reports about the stock. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. Royal Bank of Canada increased their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Wells Fargo & Company reduced their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group increased their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,110.07.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,012.95 on Friday. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company has a 50-day moving average of $1,093.90 and a two-hundred day moving average of $1,018.63. The stock has a market capitalization of $59.79 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company earned $8.28 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that O’Reilly Automotive will post 41.92 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently modified their holdings of ORLY. Norges Bank acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at approximately $671,384,000. International Assets Investment Management LLC boosted its stake in O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after acquiring an additional 652,924 shares during the last quarter. Wellington Management Group LLP boosted its stake in O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in O’Reilly Automotive in the third quarter valued at approximately $198,365,000. Finally, Bank of New York Mellon Corp boosted its stake in O’Reilly Automotive by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock valued at $1,587,784,000 after acquiring an additional 183,296 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.