Citigroup cut shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a neutral rating in a report released on Friday morning, BenzingaRatingsTable reports. Citigroup currently has $430.00 target price on the specialty retailer’s stock, down from their previous target price of $441.00.
A number of other equities analysts have also recently commented on the stock. ValuEngine cut shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Thursday, August 1st. Raymond James lifted their target price on shares of O’Reilly Automotive from $435.00 to $460.00 and gave the stock a strong-buy rating in a research report on Thursday, July 25th. Wells Fargo & Co reiterated a buy rating and issued a $435.00 target price on shares of O’Reilly Automotive in a research report on Tuesday, August 20th. Zacks Investment Research cut shares of O’Reilly Automotive from a hold rating to a sell rating and set a $427.00 target price on the stock. in a research report on Friday, July 19th. Finally, Northcoast Research cut shares of O’Reilly Automotive from a buy rating to a neutral rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has an average rating of Buy and a consensus target price of $407.57.
O’Reilly Automotive stock opened at $390.85 on Friday. The firm’s fifty day moving average price is $382.85 and its 200-day moving average price is $381.38. The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.10 and a current ratio of 0.85. The stock has a market cap of $30.14 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. O’Reilly Automotive has a fifty-two week low of $314.14 and a fifty-two week high of $414.63.
In other O’Reilly Automotive news, Director Jay D. Burchfield sold 1,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $381.08, for a total value of $381,080.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jason Lee Tarrant sold 651 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $370.69, for a total transaction of $241,319.19. Following the completion of the sale, the senior vice president now directly owns 1,941 shares in the company, valued at approximately $719,509.29. The disclosure for this sale can be found here. In the last three months, insiders sold 1,773 shares of company stock worth $669,481. Insiders own 2.52% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Squar Milner Financial Services LLC grew its holdings in O’Reilly Automotive by 80.5% in the 2nd quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 33 shares during the last quarter. Shine Investment Advisory Services Inc. grew its holdings in O’Reilly Automotive by 65.4% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 34 shares during the last quarter. Thor Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $48,000. TRUE Private Wealth Advisors bought a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $46,000. Finally, Ashburton Jersey Ltd bought a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $57,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.
About O’Reilly Automotive
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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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