O’Reilly Automotive, Inc. (NASDAQ:ORLY) was upgraded by stock analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

ORLY has been the topic of several other research reports. Wedbush reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a report on Thursday, July 6th. Cleveland Research cut O’Reilly Automotive from a “buy” rating to a “neutral” rating in a report on Monday, April 3rd. Deutsche Bank AG cut O’Reilly Automotive from a “buy” rating to a “hold” rating and dropped their price target for the company from $315.00 to $273.00 in a report on Tuesday, April 25th. Credit Suisse Group set a $290.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. Finally, BidaskClub cut O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $258.64.

Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at 185.50 on Tuesday. O’Reilly Automotive has a one year low of $169.43 and a one year high of $292.84. The firm’s 50-day moving average price is $237.55 and its 200-day moving average price is $260.49. The firm has a market cap of $16.88 billion, a PE ratio of 16.91 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.28. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.22 billion. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. O’Reilly Automotive’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.59 EPS. Equities research analysts expect that O’Reilly Automotive will post $11.77 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its board has approved a stock repurchase plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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In other news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 600 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total transaction of $148,062.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,640 shares of company stock worth $6,639,552. 3.12% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ORLY. Nikko Asset Management Americas Inc. bought a new position in O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust boosted its position in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC boosted its position in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. FTB Advisors Inc. boosted its position in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in O’Reilly Automotive during the first quarter valued at approximately $177,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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