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

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets lifted their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Evercore ISI raised their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Guggenheim reissued a “buy” rating and set a $1,475.00 price target on shares of O’Reilly Automotive in a research note on Monday, March 10th. Finally, Mizuho upped their price objective on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Trading Down 0.3 %

Shares of O’Reilly Automotive stock traded down $4.06 on Friday, reaching $1,339.09. The stock had a trading volume of 510,327 shares, compared to its average volume of 344,180. The business’s 50 day moving average is $1,304.82 and its two-hundred day moving average is $1,231.37. O’Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,389.05. The company has a market cap of $76.69 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

Shares of O’Reilly Automotive are set to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be distributed to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating 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, equities analysts anticipate that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Andrea Weiss sold 248 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the completion of the transaction, the director now owns 452 shares of the company’s stock, valued at $592,675.96. This represents a 35.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 3,073 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the transaction, the chairman now owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in ORLY. Lee Danner & Bass Inc. purchased a new position in shares of O’Reilly Automotive in the fourth quarter valued at $28,000. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 4th quarter worth $30,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of O’Reilly Automotive in the 4th quarter worth $31,000. Darwin Wealth Management LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $32,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.