O’Reilly Automotive (NASDAQ:ORLY) Given New $1,204.00 Price Target at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its price objective boosted by Truist Financial from $1,143.00 to $1,204.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also weighed in on ORLY. Wedbush reissued a neutral rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday. Evercore ISI dropped their target price on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating for the company in a research report on Tuesday, July 16th. UBS Group cut their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating on the stock in a research note on Thursday, July 18th. Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $1,130.67.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,110.31 on Friday. The business’s fifty day moving average is $1,021.36 and its two-hundred day moving average is $1,046.13. The firm has a market cap of $65.39 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.05 and a beta of 0.92. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the company earned $10.22 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive will post 41.1 earnings per share for the current year.

Insider Activity

In related news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was 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 owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, 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. 1.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its holdings in shares of O’Reilly Automotive by 3.8% in the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after purchasing an additional 2,214 shares in the last quarter. Fortune Financial Advisors LLC raised its position in O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 57 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in O’Reilly Automotive by 5.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock valued at $16,723,000 after acquiring an additional 701 shares in the last quarter. Perpetual Ltd boosted its position in O’Reilly Automotive by 322.6% during the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after acquiring an additional 871 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after acquiring an additional 397,108 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

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.