O’Reilly Automotive (NASDAQ:ORLY) Earns “Neutral” Rating from Wedbush

O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “neutral” rating reaffirmed by stock analysts at Wedbush in a report released on Thursday, Benzinga reports. They currently have a $1,200.00 target price on the specialty retailer’s stock. Wedbush’s price target would suggest a potential downside of 0.22% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America increased their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Truist Financial raised their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,213.53.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $3.38 during mid-day trading on Thursday, reaching $1,202.63. The company had a trading volume of 35,830 shares, compared to its average volume of 373,040. The company has a market capitalization of $70.83 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.30 and a beta of 0.92. The stock has a fifty day moving average of $1,147.32 and a two-hundred day moving average of $1,080.64. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $10.72 EPS. Sell-side analysts forecast that O’Reilly Automotive will post 41.06 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last 90 days. 1.55% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently made changes to their positions in ORLY. Nordea Investment Management AB grew its position in shares of O’Reilly Automotive by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after acquiring an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new stake in shares of O’Reilly Automotive in the 2nd quarter worth approximately $800,000. Handelsbanken Fonder AB lifted its position in O’Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after acquiring an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of O’Reilly Automotive by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after buying an additional 701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after acquiring an additional 6,954 shares during the period. Institutional investors own 85.00% of the company’s stock.

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.