O’Reilly Automotive (NASDAQ:ORLY) Downgraded to “Hold” Rating by StockNews.com

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

A number of other research analysts also recently issued reports on ORLY. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $1,269.31.

O’Reilly Automotive Trading Down 1.2 %

ORLY stock opened at $1,206.78 on Tuesday. The business’s fifty day moving average price is $1,220.74 and its 200 day moving average price is $1,142.98. O’Reilly Automotive has a 12-month low of $914.50 and a 12-month high of $1,283.96. The company has a market capitalization of $69.67 billion, a PE ratio of 29.86, a P/E/G ratio of 2.58 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $10.72 earnings per share. Research analysts predict that O’Reilly Automotive will post 40.85 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s 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 transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction 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 in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Institutional investors and hedge funds have recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive during the third quarter valued at about $32,000. Trifecta Capital Advisors LLC increased its position in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive in the third quarter valued at approximately $37,000. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive during the third quarter valued at approximately $41,000. Finally, Kings Path Partners LLC purchased a new stake in O’Reilly Automotive during the second quarter worth approximately $44,000. 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.