Bank of New York Mellon Corp Lowers Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank of New York Mellon Corp trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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’s holdings in O’Reilly Automotive were worth $1,554,177,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in shares of O’Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after purchasing an additional 728,040 shares in the last quarter. Geode Capital Management LLC lifted its position in O’Reilly Automotive by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in O’Reilly Automotive by 28.4% in the 3rd 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 in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of O’Reilly Automotive by 10,626.8% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. raised its position in shares of O’Reilly Automotive by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 365,124 shares of the specialty retailer’s stock valued at $420,477,000 after buying an additional 989 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORLY. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Wedbush upped their target price on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Finally, Barclays lifted their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Two investment 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, the stock currently has an average rating of “Buy” and an average price target of $1,390.81.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,303.68, for a total transaction of $1,303,680.00. Following the sale, the director now directly owns 135,377 shares of the company’s stock, valued at approximately $176,488,287.36. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brad W. Beckham sold 833 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value 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. This represents a 52.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,581 shares of company stock valued at $3,375,490. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,314.91 on Tuesday. The stock’s 50-day moving average is $1,254.61 and its 200 day moving average is $1,204.41. The company has a market cap of $75.91 billion, a PE ratio of 32.34, a P/E/G ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) 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%. Analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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.