Truist Financial Cuts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,143.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price reduced by Truist Financial from $1,212.00 to $1,143.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer’s stock.

ORLY has been the topic of several other research reports. UBS Group lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a report on Wednesday, April 17th. StockNews.com lowered shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Friday, May 3rd. Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a buy rating and a $1,225.00 price target on the stock. Wedbush restated a neutral rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Finally, Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $1,116.93.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,020.54 on Tuesday. The company has a market capitalization of $60.10 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11. The company’s fifty day moving average price is $1,012.96 and its 200 day moving average price is $1,035.21.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.28 EPS. Analysts anticipate that O’Reilly Automotive will post 41.93 earnings per share for the current year.

Insider Activity

In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Glenmede Trust Co. NA boosted its position in O’Reilly Automotive by 15.8% in the third quarter. Glenmede Trust Co. NA now owns 4,147 shares of the specialty retailer’s stock valued at $3,769,000 after buying an additional 567 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of O’Reilly Automotive by 2.7% in the third quarter. Advisors Asset Management Inc. now owns 3,100 shares of the specialty retailer’s stock worth $2,817,000 after acquiring an additional 82 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of O’Reilly Automotive by 14.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 44,635 shares of the specialty retailer’s stock worth $40,567,000 after acquiring an additional 5,585 shares during the last quarter. Lido Advisors LLC raised its stake in shares of O’Reilly Automotive by 26.4% in the third quarter. Lido Advisors LLC now owns 800 shares of the specialty retailer’s stock worth $727,000 after acquiring an additional 167 shares during the last quarter. Finally, Seven Eight Capital LP raised its stake in shares of O’Reilly Automotive by 1,396.2% in the third quarter. Seven Eight Capital LP now owns 5,102 shares of the specialty retailer’s stock worth $4,637,000 after acquiring an additional 4,761 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.