Todays Report: Today: Bank of New York Mellon Corp Reduced the position of O’Reilly Automotive Inc. (ORLY)

Today: Bank of New York Mellon Corp Reduced the position of O’Reilly Automotive Inc. (ORLY)

Bank of New York Mellon Corp reduced its position in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 4.4% during the third quarter, Holdings Channel reports. The fund owned 1,310,759 shares of the company’s stock after selling 60,845 shares during the period. Bank of New York Mellon Corp owned approximately 1.38% of O’Reilly Automotive worth $367,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. Peak Asset Management LLC boosted its position in O’Reilly Automotive by 11.6% in the third quarter. Peak Asset Management LLC now owns 1,088 shares of the company’s stock worth $305,000 after buying an additional 113 shares during the last quarter. Alps Advisors Inc. boosted its stake in O’Reilly Automotive by 1.1% in the third quarter. Alps Advisors Inc. now owns 1,486 shares of the company’s stock worth $416,000 after buying an additional 16 shares in the last quarter. Advisor Partners LLC boosted its stake in O’Reilly Automotive by 3.6% in the third quarter. Advisor Partners LLC now owns 1,941 shares of the company’s stock worth $544,000 after buying an additional 68 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in O’Reilly Automotive by 15.1% in the third quarter. Hanseatic Management Services Inc. now owns 12,897 shares of the company’s stock worth $3,613,000 after buying an additional 1,695 shares in the last quarter. Finally, Mar Vista Investment Partners LLC boosted its stake in O’Reilly Automotive by 119.7% in the third quarter. Mar Vista Investment Partners LLC now owns 92,389 shares of the company’s stock worth $25,879,000 after buying an additional 50,338 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.47% during midday trading on Monday, reaching $275.30. 244,096 shares of the company’s stock were exchanged. O’Reilly Automotive Inc. has a 52 week low of $225.12 and a 52 week high of $292.84. The firm has a market capitalization of $26.01 billion, a P/E ratio of 26.68 and a beta of 0.69. The stock’s 50 day moving average is $270.17 and its 200 day moving average is $273.21.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.64 earnings per share. On average, analysts expect that O’Reilly Automotive Inc. will post $10.69 EPS for the current fiscal year.

A number of analysts have recently commented on the stock. Vetr cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 target price for the company. in a research note on Monday, August 1st. Wedbush reissued an “outperform” rating and set a $310.00 target price (up previously from $280.00) on shares of O’Reilly Automotive in a research note on Wednesday, August 10th. Susquehanna started coverage on shares of O’Reilly Automotive in a research note on Thursday, August 25th. They set a “positive” rating and a $343.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and set a $336.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 19th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $290.00 price objective on shares of O’Reilly Automotive in a research note on Sunday, October 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $304.65.

In related news, SVP Robert Allen Dumas sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $271.27, for a total value of $1,166,461.00. Following the completion of the sale, the senior vice president now directly owns 4,360 shares in the company, valued at $1,182,737.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles H. Oreilly, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $268.42, for a total transaction of $2,684,200.00. Following the completion of the sale, the director now owns 137,278 shares of the company’s stock, valued at $36,848,160.76. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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