Moran Wealth Management LLC Takes $202,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Moran Wealth Management LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 170 shares of the specialty retailer’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaMark Advisors LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth $30,000. Kestra Investment Management LLC purchased a new position in shares of O’Reilly Automotive in the 4th quarter worth about $32,000. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the 3rd quarter worth about $32,000. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive in the 3rd quarter worth about $37,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in O’Reilly Automotive during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.1 %

NASDAQ ORLY opened at $1,309.29 on Thursday. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,389.05. The company has a market capitalization of $74.99 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The stock’s 50-day moving average price is $1,286.52 and its 200-day moving average price is $1,222.22.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Buying and Selling

In other news, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the transaction, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the sale, the chairman now owns 11,397 shares of the company’s stock, valued at $14,988,764.55. This represents a 21.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,894 shares of company stock valued at $10,409,618. Company insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush upped their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. UBS Group boosted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Evercore ISI increased their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $1,390.81.

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.