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

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also recently issued reports on ORLY. TD Cowen upped their target price 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. Barclays upped their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,269.31.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,221.65 on Tuesday. The stock has a 50 day moving average price of $1,220.23 and a 200 day moving average price of $1,141.97. The stock has a market capitalization of $70.53 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. O’Reilly Automotive has a 52 week low of $914.50 and a 52 week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results 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 net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the business posted $10.72 earnings per share. O’Reilly Automotive’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive will post 40.85 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock worth $1,954,404,000 after purchasing an additional 57,194 shares during the last quarter. Wellington Management Group LLP raised 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of O’Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after buying an additional 24,135 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after buying an additional 853,633 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in O’Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after buying an additional 133,139 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.