O'Reilly Automotive (NASDAQ:ORLY) Downgraded by StockNews.com to "Hold"

StockNews.com cut shares of O'Reilly Automotive (NASDAQ:ORLY - Free Report) from a buy rating to a hold rating in a research report report published on Tuesday.

A number of other research firms have also weighed in on ORLY. Wedbush reissued a "neutral" rating and set a $1,200.00 target price on shares of O'Reilly Automotive in a report on Thursday, October 24th. BMO Capital Markets started coverage on shares of O'Reilly Automotive in a report on Friday, December 13th. They set an "outperform" rating and a $1,400.00 price target for the company. Evercore ISI boosted their target price on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their target price 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. Finally, Royal Bank of Canada lifted their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, O'Reilly Automotive has a consensus rating of "Moderate Buy" and an average target price of $1,269.31.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $14.39 during mid-day trading on Tuesday, reaching $1,221.65. The company had a trading volume of 147,117 shares, compared to its average volume of 371,738. The firm has a market cap of $70.53 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.58 and a beta of 0.93. The business's 50-day simple moving average is $1,219.60 and its 200 day simple moving average is $1,140.26. O'Reilly Automotive has a one year low of $914.50 and a one year high of $1,283.96.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.72 EPS. On average, sell-side analysts anticipate that O'Reilly Automotive will post 40.85 EPS for the current year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was 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. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction dated Monday, November 25th. The shares were 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 approximately $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. Insiders own 1.55% of the company's stock.

Institutional Trading of O'Reilly Automotive

Several hedge funds and other institutional investors have recently modified their holdings of ORLY. Rosenberg Matthew Hamilton boosted its holdings in shares of O'Reilly Automotive by 13.8% in the second quarter. Rosenberg Matthew Hamilton now owns 140 shares of the specialty retailer's stock worth $142,000 after acquiring an additional 17 shares during the period. HB Wealth Management LLC increased its position in shares of O'Reilly Automotive by 15.1% during the second quarter. HB Wealth Management LLC now owns 1,988 shares of the specialty retailer's stock valued at $2,099,000 after buying an additional 261 shares during the period. Arkadios Wealth Advisors increased its position in shares of O'Reilly Automotive by 21.6% during the second quarter. Arkadios Wealth Advisors now owns 372 shares of the specialty retailer's stock valued at $393,000 after buying an additional 66 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of O'Reilly Automotive by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,030 shares of the specialty retailer's stock worth $11,648,000 after buying an additional 910 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its position in shares of O'Reilly Automotive by 128.5% in the second quarter. FAS Wealth Partners Inc. now owns 409 shares of the specialty retailer's stock valued at $432,000 after acquiring an additional 230 shares during the period. 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.