O’Reilly Automotive (NASDAQ:ORLY) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from an equal weight rating to an overweight rating in a report released on Tuesday, Marketbeat reports. The brokerage currently has $1,450.00 price target on the specialty retailer’s stock, up from their previous price target of $1,150.00.

ORLY has been the topic of a number of other research reports. DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Wedbush restated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,289.44.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,261.62 on Tuesday. O’Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,283.96. The firm has a market capitalization of $72.83 billion, a PE ratio of 31.21, a P/E/G ratio of 2.30 and a beta of 0.94. The company’s 50-day moving average is $1,223.62 and its 200-day moving average is $1,166.15.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company earned $10.72 EPS. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that O’Reilly Automotive will post 40.86 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds have recently bought and sold shares of ORLY. Custom Index Systems LLC lifted its holdings in shares of O’Reilly Automotive by 4.1% during the fourth quarter. Custom Index Systems LLC now owns 964 shares of the specialty retailer’s stock valued at $1,143,000 after purchasing an additional 38 shares in the last quarter. Caprock Group LLC lifted its stake in shares of O’Reilly Automotive by 17.7% in the 4th quarter. Caprock Group LLC now owns 1,321 shares of the specialty retailer’s stock worth $1,568,000 after purchasing an additional 199 shares during the period. Fortune Financial Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 1.1% in the fourth quarter. Fortune Financial Advisors LLC now owns 2,449 shares of the specialty retailer’s stock worth $2,904,000 after buying an additional 26 shares during the last quarter. OLD National Bancorp IN grew its position in O’Reilly Automotive by 12.5% during the fourth quarter. OLD National Bancorp IN now owns 234 shares of the specialty retailer’s stock valued at $277,000 after buying an additional 26 shares during the period. Finally, Busey Bank increased its holdings in O’Reilly Automotive by 5.6% during the fourth quarter. Busey Bank now owns 8,056 shares of the specialty retailer’s stock valued at $9,553,000 after buying an additional 424 shares during the last quarter. 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.