O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,391.79 and last traded at $1,385.07, with a volume of 151845 shares traded. The stock had previously closed at $1,375.48.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Morgan Stanley raised O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Mizuho raised their target price on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. StockNews.com downgraded shares of O'Reilly Automotive from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company raised their price objective on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,390.81.
View Our Latest Report on ORLY
O'Reilly Automotive Trading Down 1.1 %
The company has a market cap of $80.63 billion, a P/E ratio of 34.64, a PEG ratio of 2.34 and a beta of 0.91. The business has a 50 day moving average price of $1,323.04 and a 200-day moving average price of $1,241.15.
O'Reilly Automotive shares are going 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 closing bell on Monday, June 9th.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 166.88% and a net margin of 14.28%. On average, sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
Insider Buying and Selling at O'Reilly Automotive
In other 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 transaction of $2,667,487.20. Following the completion of the sale, the executive vice president now owns 1,398 shares of the company's stock, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 760 shares in the company, valued at $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 in the last three months. 1.55% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On O'Reilly Automotive
A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Lee Danner & Bass Inc. bought a new position in O'Reilly Automotive during the 4th quarter worth $28,000. AlphaMark Advisors LLC bought a new position in shares of O'Reilly Automotive in the fourth quarter worth $30,000. Murphy & Mullick Capital Management Corp acquired a new position in O'Reilly Automotive in the fourth quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in O'Reilly Automotive during the fourth quarter worth about $32,000. Finally, Investment Management Corp VA ADV bought a new stake in O'Reilly Automotive during the fourth quarter worth about $37,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.
O'Reilly Automotive Company Profile
(
Get Free Report)
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.
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