M&T Bank Corp Decreases Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

M&T Bank Corp cut its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ORLY. International Assets Investment Management LLC lifted its holdings in shares of O'Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock worth $984,027,000 after buying an additional 853,633 shares during the period. Wellington Management Group LLP raised its holdings in shares of O'Reilly Automotive by 73.0% in the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock valued at $1,986,874,000 after acquiring an additional 728,040 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in O'Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after acquiring an additional 482,670 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in O'Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock worth $692,816,000 after acquiring an additional 133,139 shares in the last quarter. Finally, Marshall Wace LLP increased its position in O'Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock valued at $96,078,000 after purchasing an additional 80,978 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of ORLY traded up $4.72 during mid-day trading on Friday, hitting $1,219.11. 853,091 shares of the company were exchanged, compared to its average volume of 372,873. The stock has a market cap of $70.38 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. O'Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,283.96. The company has a 50 day moving average of $1,219.50 and a 200-day moving average of $1,137.55.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on ORLY. Roth Mkm reaffirmed a "buy" rating and issued a $1,337.00 price target on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. Morgan Stanley upped their target price on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a report on Friday, October 25th. Barclays upped their price objective on O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive currently has an average rating of "Moderate Buy" and an average price target of $1,269.31.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company's stock, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business'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 transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by 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.