O’Reilly Automotive (NASDAQ:ORLY) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a hold rating in a report released on Tuesday morning.

Other analysts also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley raised their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,269.31.

O’Reilly Automotive Stock Up 1.2 %

ORLY stock opened at $1,221.65 on Tuesday. O’Reilly Automotive has a twelve month low of $914.50 and a twelve month high of $1,283.96. The business has a 50 day moving average price of $1,219.60 and a two-hundred day moving average price of $1,140.26. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.58 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that O’Reilly Automotive will post 40.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently bought and sold shares of ORLY. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive in the third quarter valued at about $32,000. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive during the third quarter valued at approximately $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the third quarter worth $41,000. Finally, Kings Path Partners LLC bought a new position in O’Reilly Automotive in the 2nd quarter valued at $44,000. 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.