M&T Bank Corp Sells 2,183 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

M&T Bank Corp trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 12,102 shares of the specialty retailer's stock after selling 2,183 shares during the period. M&T Bank Corp's holdings in O'Reilly Automotive were worth $13,936,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC increased its position in O'Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer's stock valued at $178,000 after acquiring an additional 9 shares in the last quarter. Marks Group Wealth Management Inc grew its position in shares of O'Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer's stock worth $697,000 after buying an additional 9 shares during the period. Venturi Wealth Management LLC grew its holdings in O'Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock valued at $132,000 after purchasing an additional 9 shares during the period. Metis Global Partners LLC grew its holdings in O'Reilly Automotive by 0.5% during the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer's stock valued at $2,145,000 after purchasing an additional 9 shares during the period. Finally, L.M. Kohn & Company grew its holdings in O'Reilly Automotive by 1.4% during the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock valued at $753,000 after purchasing an additional 9 shares during the period. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research reports. Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Tuesday, October 15th. Truist Financial boosted their price objective on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley boosted their price objective on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,248.06.

O'Reilly Automotive Trading Up 0.2 %

Shares of NASDAQ:ORLY traded up $2.66 on Wednesday, hitting $1,269.01. The company had a trading volume of 265,018 shares, compared to its average volume of 371,692. O'Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,275.80. The stock has a market cap of $73.26 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.55 and a beta of 0.93. The stock has a 50 day moving average price of $1,206.13 and a 200 day moving average price of $1,122.84.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the company posted $10.72 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity at O'Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares of the company's stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares of the company's stock, valued at $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate 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.