O’Reilly Automotive (NASDAQ:ORLY) Reaches New 52-Week High Following Analyst Upgrade

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) reached a new 52-week high during trading on Monday after Guggenheim raised their price target on the stock from $1,275.00 to $1,400.00. Guggenheim currently has a buy rating on the stock. O’Reilly Automotive traded as high as $1,284.02 and last traded at $1,279.09, with a volume of 88550 shares. The stock had previously closed at $1,254.00.

Other equities research analysts also recently issued reports about the stock. Wedbush restated a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and set a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Buy” and an average target price of $1,295.94.

Insider Activity at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated 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 owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’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 directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Institutional investors have recently added to or reduced their stakes in the stock. Scientech Research LLC grew its holdings in shares of O’Reilly Automotive by 8.6% during the second quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock worth $252,000 after buying an additional 19 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of O’Reilly Automotive during the second quarter worth $1,584,000. SkyView Investment Advisors LLC grew its position in shares of O’Reilly Automotive by 12.2% in the second quarter. SkyView Investment Advisors LLC now owns 848 shares of the specialty retailer’s stock valued at $896,000 after purchasing an additional 92 shares during the period. Ascent Group LLC increased its stake in O’Reilly Automotive by 6.2% in the second quarter. Ascent Group LLC now owns 3,394 shares of the specialty retailer’s stock valued at $3,584,000 after purchasing an additional 199 shares during the last quarter. Finally, Copperwynd Financial LLC lifted its position in O’Reilly Automotive by 18.6% during the second quarter. Copperwynd Financial LLC now owns 2,024 shares of the specialty retailer’s stock worth $2,280,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 2.1 %

The stock has a market capitalization of $73.94 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The business has a 50 day simple moving average of $1,225.18 and a 200-day simple moving average of $1,170.48.

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.