O’Reilly Automotive (NASDAQ:ORLY) Rating Increased to Buy at StockNews.com

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

A number of other equities analysts have also recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, December 19th. Wedbush boosted their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Evercore ISI lowered their price objective on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, Barclays boosted their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,089.59.

O’Reilly Automotive Trading Up 1.9 %

Shares of ORLY stock traded up $20.24 during trading hours on Tuesday, reaching $1,089.51. 535,208 shares of the stock were exchanged, compared to its average volume of 368,148. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company’s 50-day moving average price is $1,090.52 and its 200-day moving average price is $1,006.87. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the company earned $8.37 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the transaction, the senior vice president now owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock worth $28,769,333 in the last 90 days. 1.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock valued at $1,262,904,000 after purchasing an additional 26,201 shares in the last quarter. Morgan Stanley increased its stake in O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after purchasing an additional 635,416 shares in the last quarter. Jennison Associates LLC increased its stake in O’Reilly Automotive by 7.6% during the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after purchasing an additional 66,629 shares in the last quarter. Invesco Ltd. increased its stake in O’Reilly Automotive by 3.7% during the 3rd quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after purchasing an additional 31,487 shares in the last quarter. Finally, Norges Bank acquired a new position in O’Reilly Automotive during the 4th quarter valued at approximately $671,384,000. Institutional investors 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.