Marks Group Wealth Management Inc Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Marks Group Wealth Management Inc boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 651 shares of the specialty retailer’s stock after buying an additional 23 shares during the quarter. Marks Group Wealth Management Inc’s holdings in O’Reilly Automotive were worth $619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Groesbeck Investment Management Corp NJ grew its position in shares of O’Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after buying an additional 10 shares during the period. Lindbrook Capital LLC boosted its stake in O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares in the last quarter. Caprock Group LLC grew its holdings in O’Reilly Automotive by 2.4% in the third quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 11 shares during the period. Western Pacific Wealth Management LP increased its stake in shares of O’Reilly Automotive by 11.6% during the third quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 11 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of O’Reilly Automotive by 2.4% during the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after purchasing an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now directly owns 963 shares in the company, valued at approximately $1,000,200.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the transaction, the senior vice president now directly owns 963 shares in the company, valued at approximately $1,000,200.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 950 shares in the company, valued at approximately $987,316. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,968 shares of company stock worth $27,269,333. 1.18% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

Shares of ORLY traded up $2.26 during trading hours on Tuesday, hitting $1,093.72. The stock had a trading volume of 168,634 shares, compared to its average volume of 362,954. The firm has a market capitalization of $64.56 billion, a PE ratio of 28.36, a PEG ratio of 1.98 and a beta of 0.86. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a fifty day moving average price of $1,095.28 and a 200 day moving average price of $1,012.45.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the firm posted $8.37 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORLY. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. The Goldman Sachs Group increased their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Truist Financial lifted their price target on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Wedbush increased their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,115.19.

O’Reilly Automotive 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.