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

MorganRosel Wealth Management LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 706 shares of the specialty retailer’s stock after buying an additional 123 shares during the period. MorganRosel Wealth Management LLC’s holdings in O’Reilly Automotive were worth $837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundations Investment Advisors LLC purchased a new position in O’Reilly Automotive in the third quarter worth about $205,000. Private Advisor Group LLC lifted its position in O’Reilly Automotive by 9.9% during the third quarter. Private Advisor Group LLC now owns 2,660 shares of the specialty retailer’s stock valued at $3,063,000 after purchasing an additional 239 shares in the last quarter. Allworth Financial LP increased its position in O’Reilly Automotive by 23.9% in the third quarter. Allworth Financial LP now owns 566 shares of the specialty retailer’s stock worth $652,000 after buying an additional 109 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in O’Reilly Automotive by 51.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,120 shares of the specialty retailer’s stock worth $25,474,000 after buying an additional 7,482 shares in the last quarter. Finally, KP Management LLC raised its stake in shares of O’Reilly Automotive by 16.7% in the third quarter. KP Management LLC now owns 5,250 shares of the specialty retailer’s stock worth $6,046,000 after buying an additional 750 shares during the period. 85.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ORLY. Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. UBS Group upped their price objective on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wedbush lifted their target price on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Barclays lifted their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,314.91 on Tuesday. The firm has a market capitalization of $75.91 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.34 and a beta of 0.94. The business’s 50-day moving average is $1,254.61 and its 200 day moving average is $1,204.41. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping 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%. On average, analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the sale, the senior vice president now owns 275 shares in the company, valued at $364,375. This represents a 64.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares of the company’s stock, valued at $988,000. The trade was a 52.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,581 shares of company stock valued at $3,375,490. 1.55% of the stock is owned by company insiders.

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.