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

M&T Bank Corp lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB grew its holdings in O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after buying an additional 727 shares in the last quarter. Assetmark Inc. boosted its position in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after acquiring an additional 3,193 shares during the period. Marshfield Associates grew its stake in shares of O’Reilly Automotive by 0.6% in the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock valued at $319,866,000 after acquiring an additional 1,718 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of O’Reilly Automotive by 4.7% in the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after acquiring an additional 882 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in O’Reilly Automotive by 9.5% during the second quarter. Public Sector Pension Investment Board now owns 10,195 shares of the specialty retailer’s stock worth $10,767,000 after acquiring an additional 883 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.4 %

Shares of ORLY opened at $1,219.11 on Friday. The stock has a market cap of $70.38 billion, a PE ratio of 30.16, a PEG ratio of 2.58 and a beta of 0.93. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,283.96. The business has a 50-day simple moving average of $1,219.50 and a two-hundred day simple moving average of $1,137.55.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $10.72 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ORLY shares. BMO Capital Markets started coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Barclays increased their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Truist Financial upped their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,269.31.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive 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.