Moran Wealth Management LLC Grows Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Moran Wealth Management LLC significantly increased its stake in O'Reilly Automotive by 1,505.8%, owning 43,212 shares worth approximately $3.9 million after acquiring an additional 40,521 shares in Q2.
• Several hedge funds, including Bank of Jackson Hole Trust and HighMark Wealth Management, also increased their positions in O'Reilly Automotive, contributing to institutional ownership of 85.00% of the stock.
• O'Reilly Automotive's stock has seen positive price target increases from multiple analysts, with TD Cowen raising its target from $112.00 to $125.00 and a consensus price target currently at $107.17.

Moran Wealth Management LLC grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,505.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,212 shares of the specialty retailer's stock after purchasing an additional 40,521 shares during the period. Moran Wealth Management LLC's holdings in O'Reilly Automotive were worth $3,895,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at $25,000. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at $26,000. Oakworth Capital Inc. grew its position in shares of O'Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 264 shares in the last quarter. HighMark Wealth Management LLC grew its position in shares of O'Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 280 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of O'Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 277 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen boosted 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. UBS Group upped their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.17.

O'Reilly Automotive Stock Up 0.2%

NASDAQ ORLY opened at $103.05 on Wednesday. The company has a 50-day simple moving average of $103.95 and a two-hundred day simple moving average of $96.22. O'Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71. The firm has a market cap of $87.44 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.72 and a beta of 0.60.

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

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the company'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 completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director directly owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

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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