O’Reilly Automotive (NASDAQ:ORLY) Downgraded by StockNews.com

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

A number of other research firms have also weighed in on ORLY. Wedbush reaffirmed a neutral rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, April 25th. Mizuho initiated coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a buy rating and a $1,225.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a report on Friday, February 9th. Wells Fargo & Company reduced their price target 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 report on Thursday, April 25th. Finally, UBS Group increased their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $1,110.07.

O’Reilly Automotive Price Performance

Shares of ORLY traded up $6.72 during trading hours on Friday, hitting $1,012.95. The company’s stock had a trading volume of 417,973 shares, compared to its average volume of 381,716. The business has a 50 day simple moving average of $1,093.90 and a two-hundred day simple moving average of $1,018.63. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company has a market cap of $59.79 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.89 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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 business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm posted $8.28 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts predict that O’Reilly Automotive will post 41.92 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares in the company, valued at approximately $2,400,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 over the last ninety days. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the company. Carmel Capital Partners LLC grew its stake in shares of O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO lifted its stake in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares during the period. Finally, Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter valued at $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.