O’Reilly Automotive (NASDAQ:ORLY) Cut to “Hold” at StockNews.com

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently weighed in on ORLY. DA Davidson increased their target price on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Barclays increased their target price on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, UBS Group increased their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a report 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Price Performance

ORLY traded up $31.67 during trading on Tuesday, hitting $1,346.58. The company had a trading volume of 409,024 shares, compared to its average volume of 333,873. The company has a market cap of $77.74 billion, a PE ratio of 33.12, a P/E/G ratio of 2.34 and a beta of 0.94. The business has a 50-day moving average of $1,256.62 and a 200-day moving average of $1,205.97. O’Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts forecast that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,303.68, for a total transaction of $1,303,680.00. Following the completion of the transaction, the director now owns 135,377 shares in the company, valued at approximately $176,488,287.36. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the transaction, the chief executive officer now owns 760 shares of the company’s stock, valued at approximately $988,000. This trade represents a 52.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,581 shares of company stock worth $3,375,490 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. lifted its stake in O’Reilly Automotive by 20.8% during the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after buying an additional 3,193 shares in the last quarter. Annex Advisory Services LLC lifted its stake in O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after buying an additional 6,418 shares in the last quarter. CIBC Asset Management Inc lifted its stake in O’Reilly Automotive by 4.7% during the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after buying an additional 882 shares in the last quarter. Montecito Bank & Trust purchased a new stake in O’Reilly Automotive during the fourth quarter valued at about $365,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in O’Reilly Automotive by 6.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after buying an additional 1,811 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.