Moran Wealth Management LLC Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Moran Wealth Management LLC grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,482.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,691 shares of the specialty retailer’s stock after purchasing an additional 2,521 shares during the period. Moran Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,855,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bank Pictet & Cie Europe AG raised its position in O’Reilly Automotive by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer’s stock worth $41,848,000 after acquiring an additional 1,208 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of O’Reilly Automotive by 26.8% during the 4th quarter. Wealthspire Advisors LLC now owns 720 shares of the specialty retailer’s stock worth $854,000 after purchasing an additional 152 shares during the period. IFP Advisors Inc increased its holdings in shares of O’Reilly Automotive by 5.8% in the 4th quarter. IFP Advisors Inc now owns 1,340 shares of the specialty retailer’s stock valued at $1,594,000 after purchasing an additional 74 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of O’Reilly Automotive by 5.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 551 shares of the specialty retailer’s stock valued at $654,000 after purchasing an additional 30 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of O’Reilly Automotive by 4.1% in the fourth quarter. Amalgamated Bank now owns 13,108 shares of the specialty retailer’s stock valued at $15,543,000 after purchasing an additional 516 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $87.84 on Thursday. The stock has a market capitalization of $75.09 billion, a P/E ratio of 32.29, a P/E/G ratio of 2.43 and a beta of 0.60. O’Reilly Automotive, Inc. has a 12-month low of $67.24 and a 12-month high of $97.22. The firm’s 50-day moving average is $91.00 and its two-hundred day moving average is $88.13.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. O’Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

ORLY has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Barclays upped their price target on O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $95.00 to $103.33 and gave the stock an “overweight” rating in a report on Wednesday, April 16th. Mizuho boosted their target price on O’Reilly Automotive from $93.33 to $96.33 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Finally, UBS Group raised their price target on O’Reilly Automotive from $102.33 to $105.33 and gave the company a “buy” rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $94.30.

Insider Activity

In related news, SVP Najera Jose A. Montellano sold 285 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the transaction, the senior vice president now directly owns 240 shares of the company’s stock, valued at $21,767.20. This trade represents a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,285 shares of company stock valued at $3,022,386 over the last quarter. Company insiders own 1.01% of the company’s stock.

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.