O'Reilly Automotive (NASDAQ:ORLY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of O'Reilly Automotive (NASDAQ:ORLY - Free Report) from a hold rating to a buy rating in a research report sent to investors on Thursday.

ORLY has been the subject of a number of other research reports. Wells Fargo & Company lifted 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 report on Tuesday, January 28th. Mizuho lifted their price target on 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. Morgan Stanley raised O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. BMO Capital Markets raised their price objective on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, DA Davidson upped their target price on 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. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $1,390.81.

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O'Reilly Automotive Trading Down 3.6 %

ORLY traded down $52.02 during midday trading on Thursday, hitting $1,389.87. 1,113,634 shares of the company were exchanged, compared to its average volume of 368,778. The company's 50 day simple moving average is $1,341.01 and its 200 day simple moving average is $1,251.62. The firm has a market capitalization of $79.56 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. O'Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,458.37.

Shares of O'Reilly Automotive 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 payable to shareholders after the closing bell on Monday, June 9th.

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

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the business's stock in a transaction on 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 transaction, the senior vice president now owns 275 shares of the company's stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maria Sastre sold 248 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total value of $326,410.16. Following the completion of the sale, the director now directly owns 971 shares of the company's stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,894 shares of company stock valued at $10,409,618. Corporate insiders own 1.55% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in O'Reilly Automotive during the fourth quarter worth about $867,190,000. Wellington Management Group LLP increased its holdings in shares of O'Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after buying an additional 728,040 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of O'Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer's stock valued at $597,602,000 after buying an additional 503,720 shares during the period. Raymond James Financial Inc. acquired a new position in O'Reilly Automotive in the fourth quarter valued at approximately $208,248,000. Finally, Stifel Financial Corp grew its position in O'Reilly Automotive by 294.8% in the fourth quarter. Stifel Financial Corp now owns 157,410 shares of the specialty retailer's stock worth $186,657,000 after acquiring an additional 117,542 shares during the period. Hedge funds and other institutional investors 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.