O’Reilly Automotive (NASDAQ:ORLY) Downgraded to Hold at 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 Friday.

Several other brokerages also recently commented on ORLY. Mizuho initiated coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a buy rating and a $1,225.00 price objective on the stock. Evercore ISI cut their price objective on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an outperform rating on the stock in a 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 note on Thursday, January 4th. The Goldman Sachs Group increased their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a research note on Friday, February 9th. Finally, Truist Financial decreased their price target on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating for the company in a research note on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $1,110.07.

O’Reilly Automotive Stock Performance

ORLY traded up $6.72 during midday trading on Friday, reaching $1,012.95. 417,973 shares of the company were exchanged, compared to its average volume of 381,716. The stock has a market capitalization of $59.79 billion, a P/E ratio of 25.71, a PEG ratio of 1.89 and a beta of 0.90. The stock’s 50-day simple moving average is $1,093.90 and its 200 day simple moving average is $1,018.63. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during 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%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.28 earnings per share. On average, research analysts anticipate that O’Reilly Automotive will post 41.92 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the sale, the senior vice president now directly owns 963 shares in the company, valued at $1,000,200.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the sale, the senior vice president now owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,968 shares of company stock valued at $27,269,333. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortune Financial Advisors LLC raised its holdings in O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after acquiring an additional 57 shares in the last quarter. SignalPoint Asset Management LLC lifted its position in O’Reilly Automotive by 3.3% during 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 period. Duality Advisers LP bought a new stake in O’Reilly Automotive during the fourth quarter worth about $924,000. NewEdge Wealth LLC grew its stake in O’Reilly Automotive by 13.6% during the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after buying an additional 4,101 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in O’Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after buying an additional 114 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.