M&T Bank Corp Sells 1,249 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

M&T Bank Corp decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,853 shares of the specialty retailer’s stock after selling 1,249 shares during the quarter. M&T Bank Corp’s holdings in O’Reilly Automotive were worth $12,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its position in shares of O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after buying an additional 3,193 shares in the last quarter. Annex Advisory Services LLC boosted its position in O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after purchasing an additional 6,418 shares in the last quarter. CIBC Asset Management Inc boosted its position in O’Reilly Automotive by 4.7% during the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares in the last quarter. Montecito Bank & Trust bought a new stake in O’Reilly Automotive during the fourth quarter valued at about $365,000. Finally, Y Intercept Hong Kong Ltd boosted its position in O’Reilly Automotive by 824.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after purchasing an additional 3,216 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.3 %

Shares of NASDAQ ORLY opened at $1,339.67 on Thursday. The company has a 50 day simple moving average of $1,273.03 and a two-hundred day simple moving average of $1,215.23. The stock has a market cap of $77.34 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,389.05.

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

Insider Activity

In other news, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 760 shares of the company’s stock, valued at $988,000. The trade was a 52.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 248 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the sale, the director now directly owns 452 shares in the company, valued at $592,675.96. This trade represents a 35.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 in the last quarter. 1.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORLY shares. Mizuho raised their price objective on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. DA Davidson raised their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Wedbush raised their price objective on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets raised their price objective on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,390.81.

About O’Reilly Automotive

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.