O'Reilly Automotive (NASDAQ:ORLY) Rating Lowered to Hold at StockNews.com

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

A number of other analysts have also recently issued reports on ORLY. Wedbush lifted their target price on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Evercore ISI lifted their price objective on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Morgan Stanley raised shares of O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Mizuho boosted 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. Finally, UBS Group increased their price objective on 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. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,390.81.

Remove Ads

O'Reilly Automotive Trading Up 0.9 %

ORLY stock traded up $12.74 on Friday, hitting $1,375.48. 293,815 shares of the company's stock traded hands, compared to its average volume of 343,830. The stock has a market cap of $78.73 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.34 and a beta of 0.91. O'Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,389.05. The stock has a fifty day moving average of $1,311.29 and a 200-day moving average of $1,236.09.

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

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating 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 earnings per share for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 500 shares of O'Reilly Automotive stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the sale, the senior vice president now directly owns 275 shares of the company's stock, valued at $364,375. This trade represents a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Weiss sold 248 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,311.23, for a total value of $325,185.04. Following the completion of the transaction, the director now directly owns 452 shares of the company's stock, valued at approximately $592,675.96. This trade represents a 35.43 % decrease in their position. 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 company insiders.

Institutional Investors Weigh In On O'Reilly Automotive

A number of institutional investors have recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in shares of O'Reilly Automotive during the 4th quarter valued at about $28,000. AlphaMark Advisors LLC acquired a new stake in O'Reilly Automotive during the fourth quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of O'Reilly Automotive in the 4th quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of O'Reilly Automotive in the 3rd quarter worth approximately $32,000. Finally, Kestra Investment Management LLC bought a new position in shares of O'Reilly Automotive during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 85.00% of the company's stock.

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.