M&T Bank Corp Cuts Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

M&T Bank Corp lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,111 shares of the specialty retailer’s stock after selling 742 shares during the quarter. M&T Bank Corp’s holdings in O’Reilly Automotive were worth $14,485,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ORLY. Bank Pictet & Cie Europe AG grew its holdings in O’Reilly Automotive by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer’s stock valued at $41,848,000 after buying an additional 1,208 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of O’Reilly Automotive by 73.5% in the 4th quarter. Proficio Capital Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $504,000 after purchasing an additional 180 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $65,000. Personal CFO Solutions LLC bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $200,000. Finally, AlphaQuest LLC lifted its stake in shares of O’Reilly Automotive by 355.5% in the 4th quarter. AlphaQuest LLC now owns 583 shares of the specialty retailer’s stock valued at $691,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the transaction, the senior vice president directly owned 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Insiders have sold 33,285 shares of company stock worth $3,022,386 in the last ninety days. 1.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $95.00 to $103.33 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. Wall Street Zen raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Mizuho raised their price objective on O’Reilly Automotive from $93.33 to $96.33 and gave the company an “outperform” rating in a research note on Friday, April 25th. Barclays raised their price target on O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Finally, DA Davidson raised their price target on O’Reilly Automotive from $101.67 to $106.67 and gave the stock a “buy” rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $94.38.

O’Reilly Automotive Stock Down 1.1%

ORLY opened at $91.64 on Wednesday. The stock’s fifty day moving average is $90.75 and its two-hundred day moving average is $88.60. The company has a market capitalization of $78.34 billion, a P/E ratio of 33.68, a PEG ratio of 2.52 and a beta of 0.58. O’Reilly Automotive, Inc. has a 52 week low of $67.55 and a 52 week high of $97.22.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.18 billion. O’Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.