O’Reilly Automotive (NASDAQ:ORLY) Reaches New 12-Month High Following Analyst Upgrade

O’Reilly Automotive, Inc. (NASDAQ:ORLY) hit a new 52-week high during mid-day trading on Monday after Guggenheim raised their price target on the stock from $1,275.00 to $1,400.00. Guggenheim currently has a buy rating on the stock. O’Reilly Automotive traded as high as $1,284.02 and last traded at $1,279.09, with a volume of 88550 shares traded. The stock had previously closed at $1,254.00.

Other research analysts also recently issued reports about the stock. 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 report on Friday, October 25th. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Royal Bank of Canada increased their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Wedbush reiterated a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.94.

Insider Activity at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on 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 sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its position in shares of O’Reilly Automotive by 3.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,719 shares of the specialty retailer’s stock valued at $2,038,000 after acquiring an additional 53 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of O’Reilly Automotive by 5.6% in the fourth quarter. Yousif Capital Management LLC now owns 7,829 shares of the specialty retailer’s stock valued at $9,284,000 after buying an additional 412 shares during the last quarter. Childress Capital Advisors LLC grew its stake in shares of O’Reilly Automotive by 5.0% during the fourth quarter. Childress Capital Advisors LLC now owns 229 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 11 shares during the last quarter. Fourpath Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 2,721 shares of the specialty retailer’s stock valued at $3,227,000 after acquiring an additional 16 shares during the period. Finally, One Wealth Advisors LLC boosted its stake in shares of O’Reilly Automotive by 2.5% in the 4th quarter. One Wealth Advisors LLC now owns 664 shares of the specialty retailer’s stock valued at $787,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 2.1 %

The firm has a market capitalization of $73.94 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The company’s fifty day moving average is $1,225.18 and its two-hundred day moving average is $1,170.48.

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.