O'Reilly Automotive (NASDAQ:ORLY) Stock Rating Lowered 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 research note released on Friday morning.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised shares of O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Barclays lifted their price objective on shares of O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Mizuho increased their target price on O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a report on Friday, February 7th. DA Davidson lifted their price target on O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Wedbush increased their price objective 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. Three investment 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,390.81.

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O'Reilly Automotive Stock Performance

Shares of ORLY stock traded up $10.11 during trading hours on Friday, reaching $1,372.85. The company had a trading volume of 45,814 shares, compared to its average volume of 342,278. O'Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,389.05. The company has a market capitalization of $78.58 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.34 and a beta of 0.91. The stock 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 set 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 issued to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating analysts' consensus estimates 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, analysts forecast that O'Reilly Automotive will post 43.94 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jason Lee Tarrant sold 1,992 shares of O'Reilly Automotive stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares in the company, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is owned by insiders.

Institutional Trading of O'Reilly Automotive

A number of hedge funds have recently made changes to their positions in ORLY. 111 Capital purchased a new stake in O'Reilly Automotive during the 4th quarter worth $1,092,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in O'Reilly Automotive in the fourth quarter worth $40,993,000. Castle Rock Wealth Management LLC bought a new stake in O'Reilly Automotive in the fourth quarter valued at $189,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of O'Reilly Automotive during the fourth quarter valued at $54,399,000. Finally, Carolinas Wealth Consulting LLC grew its position in shares of O'Reilly Automotive by 14.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other 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.