O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a buy rating in a research report report published on Wednesday.

A number of other brokerages have also recently commented on ORLY. TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on 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. Finally, DA Davidson reiterated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,269.31.

O’Reilly Automotive Trading Up 1.4 %

Shares of NASDAQ:ORLY opened at $1,204.22 on Wednesday. The firm has a 50 day simple moving average of $1,218.78 and a 200-day simple moving average of $1,149.60. O’Reilly Automotive has a twelve month low of $914.50 and a twelve month high of $1,283.96. The company has a market capitalization of $69.52 billion, a PE ratio of 29.79, a P/E/G ratio of 2.58 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates 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 firm posted $10.72 EPS. As a group, equities research analysts predict that O’Reilly Automotive will post 40.85 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, 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. 1.55% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently modified their holdings of ORLY. Asset Dedication LLC boosted its holdings in O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after acquiring an additional 9 shares during the period. Marks Group Wealth Management Inc lifted its holdings in O’Reilly Automotive by 1.5% in the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after buying an additional 9 shares in the last quarter. Venturi Wealth Management LLC boosted its position in O’Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 9 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of O’Reilly Automotive by 0.5% during the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company lifted its stake in shares of O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock worth $753,000 after acquiring an additional 9 shares in the last quarter. 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.