StockNews.com Downgrades O’Reilly Automotive (NASDAQ:ORLY) to Hold

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

ORLY has been the subject of several other reports. Mizuho started coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a buy rating and a $1,225.00 price target for the company. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a report on Friday, February 9th. Truist Financial dropped their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating on the stock in a report on Friday, April 26th. Evercore ISI reduced their target price on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an outperform rating for the company in a report on Friday, April 26th. Finally, Wedbush restated a neutral rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $1,110.07.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,016.09 on Friday. The firm’s fifty day moving average price is $1,092.98 and its 200 day moving average price is $1,020.59. The company has a market capitalization of $59.98 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the firm posted $8.28 EPS. O’Reilly Automotive’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that O’Reilly Automotive will post 41.92 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock valued at $27,269,333 in the last 90 days. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Groesbeck Investment Management Corp NJ lifted its holdings in shares of O’Reilly Automotive by 0.7% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after acquiring an additional 10 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 10 shares during the period. Western Pacific Wealth Management LP lifted its holdings in shares of O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after acquiring an additional 11 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after acquiring an additional 11 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.