O’Reilly Automotive (NASDAQ:ORLY) Upgraded at StockNews.com

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

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Barclays upped their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,257.00.

O’Reilly Automotive Stock Down 1.7 %

O’Reilly Automotive stock opened at $1,225.14 on Monday. The business has a 50 day moving average price of $1,218.01 and a two-hundred day moving average price of $1,134.01. The stock has a market cap of $70.73 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. O’Reilly Automotive has a 12 month low of $914.50 and a 12 month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $10.72 EPS. On average, analysts expect that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were 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 directly owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after buying an additional 727 shares during the period. Assetmark Inc. boosted its position in shares of O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after purchasing an additional 3,193 shares during the last quarter. Marshfield Associates boosted its position in shares of O’Reilly Automotive by 0.6% in the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after purchasing an additional 1,718 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after purchasing an additional 882 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of O’Reilly Automotive by 9.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 10,195 shares of the specialty retailer’s stock worth $10,767,000 after purchasing an additional 883 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

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.