Investors Buy Shares of O'Reilly Automotive (ORLY) on Weakness
Traders purchased shares of O'Reilly Automotive Inc (NASDAQ:ORLY) on weakness during trading on Monday. $70.77 million flowed into the stock on the tick-up and $49.39 million flowed out of the stock on the tick-down, for a money net flow of $21.38 million into the stock. Of all stocks tracked, O'Reilly Automotive had the 18th highest net in-flow for the day. O'Reilly Automotive traded down ($1.58) for the day and closed at $248.25
Several equities analysts have weighed in on the company. BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Credit Suisse Group raised their price target on O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. They noted that the move was a valuation call. Stephens set a $300.00 price target on O'Reilly Automotive and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Citigroup raised their price target on O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Jefferies Group reissued a “buy” rating and set a $297.00 price target on shares of O'Reilly Automotive in a research report on Friday, February 9th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. O'Reilly Automotive has a consensus rating of “Buy” and an average target price of $251.05.
The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.11 and a current ratio of 0.93. The stock has a market capitalization of $21,060.00, a PE ratio of 19.46, a PEG ratio of 1.01 and a beta of 0.90.
O'Reilly Automotive declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, CFO Thomas Mcfall sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $235.00, for a total value of $4,700,000.00. Following the transaction, the chief financial officer now owns 27,431 shares in the company, valued at $6,446,285. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total value of $2,750,000.00. Following the completion of the transaction, the senior vice president now owns 10,900 shares in the company, valued at approximately $2,997,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,680 shares of company stock worth $35,748,242. 3.12% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc bought a new stake in O'Reilly Automotive in the third quarter valued at about $100,000. Amica Retiree Medical Trust bought a new stake in O'Reilly Automotive in the third quarter valued at about $107,000. NuWave Investment Management LLC bought a new stake in O'Reilly Automotive in the fourth quarter valued at about $122,000. Fieldpoint Private Securities LLC bought a new stake in O'Reilly Automotive in the third quarter valued at about $141,000. Finally, Capital Guardian Trust Co. bought a new stake in O'Reilly Automotive in the third quarter valued at about $157,000. Institutional investors and hedge funds own 88.14% of the company’s stock.
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O'Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s 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, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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