Truist Financial Cuts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,212.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target lowered by Truist Financial from $1,234.00 to $1,212.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada lifted their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Mizuho initiated coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a buy rating and a $1,225.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a report on Friday, February 9th. StockNews.com raised shares of O’Reilly Automotive from a hold rating to a buy rating in a research note on Thursday, April 25th. Finally, UBS Group increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of Moderate Buy and a consensus price target of $1,110.07.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,037.04 on Friday. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a market capitalization of $61.22 billion, a P/E ratio of 26.32, a PEG ratio of 1.91 and a beta of 0.86. The stock has a 50 day moving average price of $1,096.92 and a two-hundred day moving average price of $1,017.73.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted $8.28 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that O’Reilly Automotive will post 41.79 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the transaction, the director now owns 950 shares in the company, valued at $987,316. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John Raymond Murphy sold 269 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the sale, the senior vice president now owns 963 shares of the company’s stock, valued at $1,000,200.69. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 in the last 90 days. Insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently added to or reduced their stakes in ORLY. Steward Financial Group LLC raised its stake in shares of O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in O’Reilly Automotive by 1,750.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after buying an additional 35 shares in the last quarter. Rise Advisors LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. purchased a new position in O’Reilly Automotive in the 1st quarter worth about $37,000. Finally, Indiana Trust & Investment Management CO lifted its stake in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.