Marks Group Wealth Management Inc Has $688,000 Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Marks Group Wealth Management Inc significantly increased its stake in O'Reilly Automotive by 1,218.7% in the second quarter, now holding shares worth $688,000.
• Multiple hedge funds have also made substantial increases in their positions in O'Reilly Automotive, with Dougherty Wealth Advisers LLC and others reporting boosts of over 1,400% in their holdings during the same period.
• O'Reilly Automotive received multiple analyst upgrades, with target prices raised by firms including TD Cowen and Citigroup, reflecting a consensus Buy rating from analysts.

Marks Group Wealth Management Inc grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,218.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,635 shares of the specialty retailer's stock after acquiring an additional 7,056 shares during the period. Marks Group Wealth Management Inc's holdings in O'Reilly Automotive were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ORLY. Dougherty Wealth Advisers LLC boosted its position in O'Reilly Automotive by 1,400.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 2,910 shares of the specialty retailer's stock valued at $262,000 after buying an additional 2,716 shares during the last quarter. JSF Financial LLC lifted its holdings in O'Reilly Automotive by 1,602.2% in the second quarter. JSF Financial LLC now owns 11,541 shares of the specialty retailer's stock valued at $1,040,000 after buying an additional 10,863 shares during the period. Simplicity Wealth LLC boosted its stake in O'Reilly Automotive by 2,637.5% in the second quarter. Simplicity Wealth LLC now owns 6,570 shares of the specialty retailer's stock valued at $592,000 after acquiring an additional 6,330 shares during the last quarter. Brown Miller Wealth Management LLC grew its holdings in O'Reilly Automotive by 1,400.0% during the 2nd quarter. Brown Miller Wealth Management LLC now owns 3,195 shares of the specialty retailer's stock worth $288,000 after acquiring an additional 2,982 shares during the period. Finally, OLD National Bancorp IN raised its position in shares of O'Reilly Automotive by 1,073.9% during the 2nd quarter. OLD National Bancorp IN now owns 2,700 shares of the specialty retailer's stock valued at $243,000 after acquiring an additional 2,470 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 over the last 90 days. Company insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ORLY. BMO Capital Markets lifted their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. TD Cowen increased their price target on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Citigroup boosted their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $103.30 on Tuesday. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock has a 50-day simple moving average of $103.73 and a 200 day simple moving average of $95.86. The company has a market cap of $87.65 billion, a PE ratio of 36.93, a PEG ratio of 2.77 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the company earned $10.55 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

About O'Reilly Automotive

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.

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