Trading Report: Today: M&T Bank Corp cuts position of O’Reilly Automotive Inc. (ORLY)

Today: M&T Bank Corp cuts position of O’Reilly Automotive Inc. (ORLY)

M&T Bank Corp lowered its position in shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) by 12.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,966 shares of the company’s stock after selling 2,519 shares during the period. M&T Bank Corp’s holdings in O’Reilly Automotive were worth $5,031,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Montag & Caldwell LLC boosted its position in O’Reilly Automotive by 0.4% in the second quarter. Montag & Caldwell LLC now owns 1,519 shares of the company’s stock worth $412,000 after buying an additional 6 shares during the last quarter. Cypress Wealth Advisors LLC boosted its position in O’Reilly Automotive by 0.8% in the second quarter. Cypress Wealth Advisors LLC now owns 777 shares of the company’s stock worth $211,000 after buying an additional 6 shares during the last quarter. Invictus RG boosted its position in O’Reilly Automotive by 1.9% in the second quarter. Invictus RG now owns 493 shares of the company’s stock worth $134,000 after buying an additional 9 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in O’Reilly Automotive by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,332 shares of the company’s stock worth $653,000 after buying an additional 10 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of O’Reilly Automotive by 1.4% in the third quarter. Private Trust Co. NA now owns 810 shares of the company’s stock worth $226,000 after buying an additional 11 shares during the period. Institutional investors own 88.71% of the company’s stock.

Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded down 0.56% during mid-day trading on Monday, hitting $275.07. The stock had a trading volume of 197,017 shares. O’Reilly Automotive Inc. has a 52-week low of $225.12 and a 52-week high of $292.84. The firm has a 50 day moving average price of $270.17 and a 200 day moving average price of $273.21. The firm has a market cap of $25.98 billion, a PE ratio of 26.66 and a beta of 0.69.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 26th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.92 by $0.02. The company earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. O’Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $2.64 earnings per share. Equities analysts predict that O’Reilly Automotive Inc. will post $10.69 EPS for the current year.

A number of equities research analysts have weighed in on ORLY shares. Wedbush reaffirmed an “outperform” rating and set a $310.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, November 23rd. Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a research report on Friday, October 21st. Vetr lowered O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 target price for the company. in a research report on Monday, August 1st. Deutsche Bank AG decreased their target price on O’Reilly Automotive from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $336.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $304.65.

In other O’Reilly Automotive news, SVP Robert Allen Dumas sold 4,300 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $271.27, for a total value of $1,166,461.00. Following 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 can be accessed through this link. Also, Director Charles H. Oreilly, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $268.42, for a total value of $2,684,200.00. Following the completion of the sale, the director now owns 137,278 shares in the company, valued at $36,848,160.76. The disclosure for this sale can be found here. 3.37% of the stock is owned by corporate insiders.

About O’Reilly Automotive

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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