O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Lowered by StockNews.com

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

A number of other research firms have also weighed in on ORLY. UBS Group raised their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Mizuho raised their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. BMO Capital Markets lifted their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,339.09 on Friday. O’Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,389.05. The firm has a market cap of $76.65 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The business has a 50-day simple moving average of $1,304.82 and a two-hundred day simple moving average of $1,232.70.

O’Reilly Automotive shares are set to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, research analysts predict that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Activity

In other news, Chairman Gregory L. Henslee sold 3,073 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the completion of the sale, the chairman now directly owns 11,397 shares of the company’s stock, valued at $14,988,764.55. This trade represents a 21.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. This represents a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $3,123,000. Annex Advisory Services LLC lifted its stake in shares of O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after purchasing an additional 6,418 shares in the last quarter. Montecito Bank & Trust acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth about $365,000. Y Intercept Hong Kong Ltd lifted its stake in shares of O’Reilly Automotive by 824.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock worth $4,276,000 after purchasing an additional 3,216 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of O’Reilly Automotive by 6.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock worth $32,138,000 after purchasing an additional 1,811 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

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.