Marcum Wealth LLC Takes $221,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Marcum Wealth LLC bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 196 shares of the specialty retailer’s stock, valued at approximately $221,000.

A number of other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC raised its position in shares of O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after purchasing an additional 66,629 shares during the period. Norges Bank bought a new position in O’Reilly Automotive in the 4th quarter valued at about $671,384,000. Northern Trust Corp lifted its position in O’Reilly Automotive by 3.5% during the third quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock worth $621,249,000 after acquiring an additional 23,016 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after acquiring an additional 652,924 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial dropped their price target on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday, April 26th. Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,123.64.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,081.79 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market cap of $63.71 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.98 and a beta of 0.89. The business’s fifty day moving average is $1,019.81 and its 200-day moving average is $1,030.53.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.28 earnings per share. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 41.93 EPS 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.