O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Lowered by Goldman Sachs Group

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O’Reilly Automotive (NASDAQ:ORLY) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other equities analysts have also recently issued reports on ORLY. Wedbush upped their price objective on shares of O’Reilly Automotive from $380.00 to $425.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. They noted that the move was a valuation call. UBS Group set a $495.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, October 25th. BidaskClub cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Nomura began coverage on shares of O’Reilly Automotive in a report on Thursday, November 7th. They set a “neutral” rating and a $1,250.00 price target for the company. Finally, Credit Suisse Group upped their price target on shares of O’Reilly Automotive from $413.00 to $418.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. O’Reilly Automotive has a consensus rating of “Hold” and a consensus price target of $489.53.

O’Reilly Automotive stock opened at $445.57 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.81 and a debt-to-equity ratio of 32.16. The stock has a market cap of $33.71 billion, a PE ratio of 27.68, a P/E/G ratio of 1.76 and a beta of 0.69. O’Reilly Automotive has a 12-month low of $326.71 and a 12-month high of $454.31. The business’s 50-day moving average price is $435.05 and its two-hundred day moving average price is $397.39.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.29. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 527.13%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the business earned $4.50 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that O’Reilly Automotive will post 17.9 earnings per share for the current year.

In other news, SVP Scott E. Kraus sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $435.00, for a total transaction of $2,175,000.00. Following the completion of the sale, the senior vice president now owns 6,502 shares of the company’s stock, valued at approximately $2,828,370. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan Wyatt Andrews sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $440.51, for a total transaction of $2,753,187.50. Following the sale, the senior vice president now directly owns 6,756 shares of the company’s stock, valued at approximately $2,976,085.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,652 shares of company stock worth $34,085,063. 2.52% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of O’Reilly Automotive by 14.5% in the second quarter. JPMorgan Chase & Co. now owns 4,013,656 shares of the specialty retailer’s stock valued at $1,475,299,000 after buying an additional 509,286 shares in the last quarter. State Street Corp increased its position in shares of O’Reilly Automotive by 0.3% during the third quarter. State Street Corp now owns 3,398,913 shares of the specialty retailer’s stock worth $1,354,501,000 after acquiring an additional 8,673 shares in the last quarter. Invesco Ltd. raised its holdings in shares of O’Reilly Automotive by 74.8% in the 2nd quarter. Invesco Ltd. now owns 2,016,087 shares of the specialty retailer’s stock worth $744,582,000 after acquiring an additional 862,531 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of O’Reilly Automotive by 18.7% in the 2nd quarter. Bank of America Corp DE now owns 1,182,500 shares of the specialty retailer’s stock worth $436,720,000 after acquiring an additional 186,308 shares during the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of O’Reilly Automotive by 20.6% in the 2nd quarter. APG Asset Management N.V. now owns 523,253 shares of the specialty retailer’s stock worth $169,694,000 after acquiring an additional 89,400 shares during the last quarter. Institutional investors own 83.49% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

Recommended Story: Hold Rating

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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