O’Reilly Automotive (NASDAQ:ORLY) Reaches New 1-Year High – Here’s What Happened

O’Reilly Automotive, Inc. (NASDAQ:ORLY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $1,450.00 and last traded at $1,432.58, with a volume of 505719 shares trading hands. The stock had previously closed at $1,408.55.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORLY. UBS Group boosted their price target on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Mizuho increased their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets boosted their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Performance

The company has a 50 day moving average of $1,327.36 and a two-hundred day moving average of $1,244.26. The stock has a market capitalization of $82.00 billion, a PE ratio of 35.23, a P/E/G ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive shares are scheduled to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the transaction, the chairman now owns 11,397 shares in the company, valued at approximately $14,988,764.55. This represents a 21.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the sale, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,894 shares of company stock worth $10,409,618. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. acquired a new stake in O’Reilly Automotive during the fourth quarter worth about $28,000. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of O’Reilly Automotive during the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of O’Reilly Automotive in the 4th quarter valued at $32,000. Finally, Investment Management Corp VA ADV acquired a new stake in O’Reilly Automotive during the fourth quarter valued at $37,000. 85.00% of the stock is owned by institutional investors and hedge funds.

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.