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

StockNews.com lowered shares of O'Reilly Automotive (NASDAQ:ORLY - Free Report) from a buy rating to a hold rating in a report issued on Friday.

Several other equities analysts have also recently issued reports on ORLY. Wedbush raised their price target on O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Evercore ISI upped 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 research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. DA Davidson boosted their price target on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their price objective on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,390.81.

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O'Reilly Automotive Stock Up 0.9 %

NASDAQ:ORLY traded up $12.74 during mid-day trading on Friday, reaching $1,375.48. 293,795 shares of the company were exchanged, compared to its average volume of 343,855. O'Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,389.05. The stock has a market cap of $78.73 billion, a PE ratio of 33.83, a PEG ratio of 2.34 and a beta of 0.91. The company has a fifty day moving average of $1,307.87 and a 200 day moving average of $1,234.29.

O'Reilly Automotive shares are scheduled to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be payable to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, equities research analysts anticipate that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the sale, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the sale, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. This represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,894 shares of company stock worth $10,409,618. Company insiders own 1.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in O'Reilly Automotive by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,163,271 shares of the specialty retailer's stock worth $6,122,607,000 after acquiring an additional 17,325 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of 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 purchasing an additional 728,040 shares in the last quarter. Geode Capital Management LLC boosted its holdings in O'Reilly Automotive by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. FMR LLC grew its position in O'Reilly Automotive by 0.8% in the fourth quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after purchasing an additional 11,039 shares in the last quarter. Finally, Invesco Ltd. increased its stake in O'Reilly Automotive by 6.2% in the 4th quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock valued at $948,460,000 after buying an additional 46,979 shares during the last quarter. 85.00% of the stock is currently 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.