O’Reilly Automotive, Inc. (ORLY) Rating Reiterated by UBS AG
UBS AG reiterated their buy rating on shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in a research note issued to investors on Tuesday morning, www.flashratings.com reports. The brokerage currently has a $230.00 price objective on the specialty retailer’s stock, down from their prior price objective of $255.00.
A number of other research analysts also recently issued reports on the stock. Deutsche Bank AG restated a hold rating and issued a $190.00 price target (down from $272.00) on shares of O’Reilly Automotive in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. cut their price objective on shares of O’Reilly Automotive from $300.00 to $220.00 and set an outperform rating on the stock in a research report on Thursday, July 20th. Northcoast Research upgraded shares of O’Reilly Automotive from a neutral rating to a buy rating and set a $230.00 price objective on the stock in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Bank of America Corporation downgraded shares of O’Reilly Automotive from a buy rating to a neutral rating and cut their price objective for the company from $325.00 to $200.00 in a research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of O’Reilly Automotive from a sell rating to a neutral rating and cut their price objective for the company from $262.00 to $210.00 in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has a consensus rating of Hold and a consensus target price of $249.61.
Shares of O’Reilly Automotive (ORLY) traded down 0.64% during midday trading on Tuesday, hitting $200.03. 1,452,730 shares of the stock were exchanged. The company has a market cap of $17.60 billion, a PE ratio of 17.52 and a beta of 0.76. The firm has a 50-day moving average price of $204.38 and a 200-day moving average price of $247.19. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $291.68.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the firm posted $2.65 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts predict that O’Reilly Automotive will post $11.76 EPS for the current year.
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O’Reilly Automotive declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 10th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Raymond Murphy sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 3rd. The stock was 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. Insiders sold a total of 26,640 shares of company stock worth $6,639,552 in the last ninety days. Corporate insiders own 3.12% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Rational Advisors LLC acquired a new position in shares of O’Reilly Automotive during the first quarter valued at about $688,000. Glenview Trust Co boosted its position in shares of O’Reilly Automotive by 198.6% in the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock valued at $2,246,000 after buying an additional 5,536 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of O’Reilly Automotive by 7.1% in the fourth quarter. Highbridge Capital Management LLC now owns 53,000 shares of the specialty retailer’s stock valued at $14,756,000 after buying an additional 3,503 shares in the last quarter. First Trust Advisors LP boosted its position in shares of O’Reilly Automotive by 9.7% in the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock valued at $13,059,000 after buying an additional 4,292 shares in the last quarter. Finally, Brant Point Investment Management LLC boosted its position in shares of O’Reilly Automotive by 18.5% in the first quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after buying an additional 4,450 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors.
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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