Bank of New York Mellon Corp Sells 67,490 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank of New York Mellon Corp lessened its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,310,657 shares of the specialty retailer’s stock after selling 67,490 shares during the period. Bank of New York Mellon Corp owned about 2.27% of O’Reilly Automotive worth $1,554,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock worth $5,393,000 after buying an additional 482,670 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after buying an additional 133,139 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of O’Reilly Automotive by 32.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 102,128 shares of the specialty retailer’s stock worth $121,103,000 after buying an additional 25,091 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after acquiring an additional 24,135 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORLY shares. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Barclays upped their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Mizuho raised their price objective on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wedbush boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets raised their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $1,390.81.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Maria Sastre sold 248 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the sale, the director now directly owns 971 shares of the company’s stock, valued at $1,278,001.07. This represents a 20.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the transaction, the chief executive officer now owns 760 shares of the company’s stock, valued at $988,000. The trade was a 52.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,581 shares of company stock valued at $3,375,490. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Up 0.9 %

O’Reilly Automotive stock opened at $1,314.91 on Tuesday. The firm has a 50 day moving average price of $1,254.61 and a 200-day moving average price of $1,204.41. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The company has a market capitalization of $75.91 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.