O’Reilly Automotive (NASDAQ:ORLY) Hits New 12-Month High – Still a Buy?

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,312.79 and last traded at $1,305.24, with a volume of 60987 shares traded. The stock had previously closed at $1,294.42.

Wall Street Analyst Weigh In

ORLY has been the subject of several recent analyst reports. TD Cowen lifted their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Royal Bank of Canada increased their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,301.82.

O’Reilly Automotive Stock Performance

The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.40 and a beta of 0.94. The firm has a 50-day simple moving average of $1,235.04 and a two-hundred day simple moving average of $1,181.32.

Insider Buying and Selling

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares during the last quarter. Wellington Management Group LLP increased its position in O’Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after buying an additional 728,040 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of O’Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after acquiring an additional 482,670 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after acquiring an additional 133,139 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of O’Reilly Automotive by 117.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 77,037 shares of the specialty retailer’s stock valued at $88,716,000 after acquiring an additional 41,685 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.