O’Reilly Automotive (NASDAQ:ORLY) Sets New 52-Week High – Time to Buy?

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) reached a new 52-week high during trading on Monday . The stock traded as high as $1,312.79 and last traded at $1,305.24, with a volume of 60987 shares traded. The stock had previously closed at $1,294.42.

Analyst Ratings Changes

ORLY has been the topic of several research reports. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays raised their price target on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,301.82.

O’Reilly Automotive Stock Up 1.4 %

The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.40 and a beta of 0.94. The firm has a 50 day moving average price of $1,235.04 and a two-hundred day moving average price of $1,181.32.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The stock was 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 directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares during the period. Wellington Management Group LLP increased 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 buying an additional 728,040 shares during the period. Mizuho Securities USA LLC lifted its stake in O’Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after buying an additional 482,670 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after acquiring an additional 133,139 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of O’Reilly Automotive by 117.9% during the third quarter. Assenagon Asset Management S.A. now owns 77,037 shares of the specialty retailer’s stock worth $88,716,000 after acquiring an additional 41,685 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

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.