O’Reilly Automotive Inc. (NASDAQ:ORLY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $284.66 and last traded at $282.64, with a volume of 599,436 shares. The stock had previously closed at $278.74.

Several equities research analysts recently issued reports on ORLY shares. Zacks Investment Research lowered shares of O’Reilly Automotive from a “buy” rating to a “sell” rating in a report on Monday, July 18th. Vetr raised shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating and set a $302.16 price objective for the company in a report on Thursday, April 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, April 6th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $300.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 28th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $310.00 price objective (up from $300.00) on shares of O’Reilly Automotive in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $292.49.

The company has a market capitalization of $27.15 billion and a P/E ratio of 29.02. The stock has a 50 day moving average price of $269.00 and a 200 day moving average price of $263.01.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $2.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.10. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.06 billion. O’Reilly Automotive’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. Analysts anticipate that O’Reilly Automotive Inc. will post $10.73 EPS for the current year.

In other O’Reilly Automotive news, EVP Gregory D. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $256.46, for a total transaction of $256,460.00. Following the sale, the executive vice president now owns 4,799 shares in the company, valued at approximately $1,230,751.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory L. Henslee sold 40,000 shares of the company’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $265.39, for a total value of $10,615,600.00. Following the sale, the chief executive officer now owns 59,911 shares in the company, valued at approximately $15,899,780.29. The disclosure for this sale can be found here.

A number of large investors recently modified their holdings of ORLY. Jennison Associates LLC increased its stake in shares of O’Reilly Automotive by 16.2% in the fourth quarter. Jennison Associates LLC now owns 3,950,943 shares of the company’s stock valued at $1,001,248,000 after buying an additional 549,743 shares during the period. Green Valley Investors LLC bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at $63,355,000. Morgan Stanley increased its stake in shares of O’Reilly Automotive by 106.4% in the fourth quarter. Morgan Stanley now owns 408,337 shares of the company’s stock valued at $103,481,000 after buying an additional 210,470 shares during the period. Wells Fargo & Company MN increased its stake in shares of O’Reilly Automotive by 23.6% in the fourth quarter. Wells Fargo & Company MN now owns 669,917 shares of the company’s stock valued at $169,771,000 after buying an additional 127,717 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of O’Reilly Automotive by 5.7% in the fourth quarter. Schroder Investment Management Group now owns 461,068 shares of the company’s stock valued at $116,843,000 after buying an additional 24,874 shares during the period.

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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