Royal Bank of Canada upgraded shares of O'Reilly Automotive (NASDAQ:ORLY) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday morning.

Other equities research analysts have also recently issued reports about the stock. Bank of America reissued a buy rating and issued a $250.00 target price on shares of O'Reilly Automotive in a research report on Tuesday, September 5th. Moffett Nathanson began coverage on shares of O'Reilly Automotive in a research report on Monday, December 4th. They set a buy rating on the stock. Citigroup lifted their price target on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the company a buy rating in a research report on Friday, October 27th. Robert W. Baird reaffirmed a hold rating and set a $220.00 price target on shares of O'Reilly Automotive in a research report on Friday, October 27th. Finally, UBS reaffirmed a buy rating and set a $240.00 price target (up from $230.00) on shares of O'Reilly Automotive in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $246.10.

Shares of O'Reilly Automotive (NASDAQ:ORLY) opened at $240.20 on Wednesday. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. O'Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $286.57. The stock has a market cap of $20,423.72, a P/E ratio of 20.87, a P/E/G ratio of 1.41 and a beta of 0.84.

O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.15 by $0.07. O'Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company earned $2.90 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. analysts anticipate that O'Reilly Automotive will post 11.91 EPS for the current fiscal year.

O'Reilly Automotive declared that its board has approved a share repurchase program on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $235.00, for a total transaction of $244,400.00. Following the transaction, the senior vice president now directly owns 9,255 shares of the company’s stock, valued at $2,174,925. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Scott E. Kraus sold 8,500 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $237.84, for a total transaction of $2,021,640.00. Following the transaction, the senior vice president now directly owns 4,959 shares in the company, valued at $1,179,448.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,945 shares of company stock worth $33,756,392. Corporate insiders own 3.12% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its position in shares of O'Reilly Automotive by 19.9% during the third quarter. Parametric Portfolio Associates LLC now owns 189,105 shares of the specialty retailer’s stock worth $40,728,000 after purchasing an additional 31,379 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of O'Reilly Automotive in the third quarter worth $225,000. Hartline Investment Corp increased its stake in shares of O'Reilly Automotive by 3.0% in the third quarter. Hartline Investment Corp now owns 34,452 shares of the specialty retailer’s stock worth $7,420,000 after buying an additional 1,015 shares during the last quarter. Atlantic Trust LLC increased its stake in shares of O'Reilly Automotive by 200.0% in the third quarter. Atlantic Trust LLC now owns 843 shares of the specialty retailer’s stock worth $182,000 after buying an additional 562 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of O'Reilly Automotive in the third quarter worth $551,000. 88.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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