StockNews.com Lowers O’Reilly Automotive (NASDAQ:ORLY) to Hold

StockNews.com downgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

ORLY has been the topic of a number of other research reports. UBS Group lifted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Truist Financial dropped their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating on the stock in a research report on Friday, April 26th. Evercore ISI dropped their target price on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Barclays increased their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. Finally, Wedbush restated a neutral rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,110.07.

O’Reilly Automotive Stock Up 0.3 %

Shares of NASDAQ ORLY opened at $1,016.09 on Friday. The company has a market capitalization of $59.98 billion, a PE ratio of 25.79, a PEG ratio of 1.91 and a beta of 0.90. The stock’s 50 day moving average price is $1,092.98 and its 200-day moving average price is $1,020.59. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.28 EPS. As a group, research analysts expect that O’Reilly Automotive will post 41.92 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is currently owned by insiders.

Institutional Trading of O’Reilly Automotive

Large investors have recently modified their holdings of the business. Fortune Financial Advisors LLC grew its stake in shares of O’Reilly Automotive by 2.4% in the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after purchasing an additional 57 shares during the last quarter. SignalPoint Asset Management LLC grew its stake in shares of O’Reilly Automotive by 3.3% in the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after purchasing an additional 1,642 shares during the last quarter. Duality Advisers LP bought a new stake in shares of O’Reilly Automotive in the fourth quarter worth about $924,000. NewEdge Wealth LLC grew its stake in shares of O’Reilly Automotive by 13.6% in the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after purchasing an additional 4,101 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in O’Reilly Automotive by 7.0% in the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after buying an additional 114 shares during the period. 85.00% of the stock is owned by institutional investors.

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.