Ramon Parises Odems Sells 2,000 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Ramon Parises Odems sold 2,000 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,360.45, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president now owns 16 shares of the company’s stock, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

O’Reilly Automotive Trading Up 0.1%

Shares of NASDAQ ORLY opened at $1,372.07 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $950.60 and a 12-month high of $1,458.37. The company has a market cap of $78.19 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.34 and a beta of 0.64. The stock has a fifty day moving average price of $1,375.89 and a 200 day moving average price of $1,309.60.

O’Reilly Automotive shares are going to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be payable to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.84 by ($0.49). O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the company posted $9.20 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson boosted their price target on O’Reilly Automotive from $1,525.00 to $1,600.00 and gave the company a “buy” rating in a report on Friday, April 25th. Royal Bank of Canada boosted their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays boosted their price target on O’Reilly Automotive from $1,250.00 to $1,290.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Guggenheim restated a “buy” rating and set a $1,475.00 price objective on shares of O’Reilly Automotive in a report on Monday, March 10th. Finally, Mizuho upped their price objective on O’Reilly Automotive from $1,400.00 to $1,445.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,414.56.

Institutional Trading of O’Reilly Automotive

Several large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its holdings in O’Reilly Automotive by 596.9% in the 1st quarter. Inspire Investing LLC now owns 2,007 shares of the specialty retailer’s stock valued at $2,875,000 after purchasing an additional 1,719 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at about $287,000. Modern Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 3.1% during the first quarter. Modern Wealth Management LLC now owns 1,032 shares of the specialty retailer’s stock valued at $1,478,000 after acquiring an additional 31 shares in the last quarter. Apeiron RIA LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at about $215,000. Finally, Strs Ohio acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at about $25,695,000. 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.