O’Reilly Automotive (NASDAQ:ORLY) Cut to Hold at StockNews.com

StockNews.com downgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a hold rating in a report released on Friday.

ORLY has been the subject of several other research reports. Barclays increased their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Guggenheim reaffirmed a “buy” rating and issued a $1,475.00 price objective on shares of O’Reilly Automotive in a research note on Monday, March 10th. BMO Capital Markets raised their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, UBS Group raised their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Trading Down 0.3 %

Shares of NASDAQ:ORLY opened at $1,339.09 on Friday. The stock has a market capitalization of $76.65 billion, a PE ratio of 32.93, a P/E/G ratio of 2.34 and a beta of 0.91. O’Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,389.05. The firm has a fifty day moving average price of $1,304.82 and a 200 day moving average price of $1,232.70.

O’Reilly Automotive’s stock is going to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, sell-side analysts forecast that O’Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 248 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the transaction, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock worth $10,409,618 over the last quarter. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently bought and sold shares of ORLY. Carolinas Wealth Consulting LLC raised its stake in shares of O’Reilly Automotive by 14.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 8 shares in the last quarter. L.M. Kohn & Company boosted its holdings in O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock valued at $753,000 after acquiring an additional 9 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of O’Reilly Automotive by 4.4% during the 4th quarter. Advisory Alpha LLC now owns 215 shares of the specialty retailer’s stock valued at $255,000 after buying an additional 9 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in shares of O’Reilly Automotive by 3.6% during the 4th quarter. Catalina Capital Group LLC now owns 262 shares of the specialty retailer’s stock valued at $311,000 after buying an additional 9 shares in the last quarter. Finally, Alcosta Capital Management Inc. boosted its holdings in shares of O’Reilly Automotive by 0.3% during the 4th quarter. Alcosta Capital Management Inc. now owns 3,156 shares of the specialty retailer’s stock valued at $3,742,000 after buying an additional 9 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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.