Investors Buy Shares of O’Reilly Automotive (ORLY) on Weakness

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Traders bought shares of O’Reilly Automotive Inc (NASDAQ:ORLY) on weakness during trading hours on Friday. $55.47 million flowed into the stock on the tick-up and $33.10 million flowed out of the stock on the tick-down, for a money net flow of $22.37 million into the stock. Of all equities tracked, O’Reilly Automotive had the 29th highest net in-flow for the day. O’Reilly Automotive traded down ($2.69) for the day and closed at $273.57

Several brokerages have issued reports on ORLY. BidaskClub raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. ValuEngine raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Wells Fargo & Co boosted their target price on shares of O’Reilly Automotive from $295.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, June 12th. They noted that the move was a valuation call. Finally, Moffett Nathanson cut shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating in a report on Monday, June 25th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $253.70.

The company has a current ratio of 0.92, a quick ratio of 0.11 and a debt-to-equity ratio of 7.53. The firm has a market cap of $22.63 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.58 by $0.03. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.28 billion. O’Reilly Automotive had a net margin of 12.89% and a return on equity of 175.10%. O’Reilly Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.60 earnings per share. sell-side analysts forecast that O’Reilly Automotive Inc will post 15.52 EPS for the current year.

In related news, SVP Richard Darin Venosdel sold 500 shares of the company’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $271.46, for a total value of $135,730.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David E. Oreilly sold 77,496 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $284.18, for a total transaction of $22,022,813.28. The disclosure for this sale can be found here. Insiders sold 212,870 shares of company stock valued at $58,329,020 over the last quarter. 3.12% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Signaturefd LLC acquired a new position in O’Reilly Automotive during the 1st quarter worth $148,000. Resources Investment Advisors Inc. lifted its position in O’Reilly Automotive by 66.5% during the 1st quarter. Resources Investment Advisors Inc. now owns 621 shares of the specialty retailer’s stock worth $154,000 after acquiring an additional 248 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in O’Reilly Automotive during the 4th quarter worth $183,000. Archford Capital Strategies LLC acquired a new position in O’Reilly Automotive during the 1st quarter worth $191,000. Finally, Global X Management Co. LLC lifted its position in O’Reilly Automotive by 68.3% during the 1st quarter. Global X Management Co. LLC now owns 808 shares of the specialty retailer’s stock worth $200,000 after acquiring an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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