M&T Bank Corp Buys 135,903 Shares of O’Reilly Automotive, Inc. $ORLY

M&T Bank Corp increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,344.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,014 shares of the specialty retailer’s stock after purchasing an additional 135,903 shares during the quarter. M&T Bank Corp’s holdings in O’Reilly Automotive were worth $13,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scotia Capital Inc. raised its stake in shares of O’Reilly Automotive by 72.9% during the 1st quarter. Scotia Capital Inc. now owns 937 shares of the specialty retailer’s stock worth $1,342,000 after acquiring an additional 395 shares in the last quarter. ING Groep NV grew its stake in O’Reilly Automotive by 203.8% during the 1st quarter. ING Groep NV now owns 10,003 shares of the specialty retailer’s stock worth $14,330,000 after buying an additional 6,710 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in O’Reilly Automotive by 10.2% in the first quarter. Thoroughbred Financial Services LLC now owns 2,081 shares of the specialty retailer’s stock valued at $2,981,000 after buying an additional 192 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after buying an additional 75,125 shares during the last quarter. Finally, Exencial Wealth Advisors LLC raised its position in O’Reilly Automotive by 1.4% during the 1st quarter. Exencial Wealth Advisors LLC now owns 673 shares of the specialty retailer’s stock worth $964,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ORLY shares. TD Cowen increased their price target on O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Argus began coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective on the stock. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Wednesday, November 5th. Finally, Barclays set a $91.00 price objective on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $111.89.

O’Reilly Automotive Trading Down 1.4%

ORLY stock opened at $99.84 on Wednesday. The firm has a 50-day moving average of $100.11 and a two-hundred day moving average of $97.93. The company has a market cap of $84.28 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.48 and a beta of 0.61. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the transaction, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. This trade represents a 42.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, the senior vice president owned 28 shares in the company, valued at $2,836.68. This represents a 98.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 8,980 shares of company stock worth $882,335. Insiders own 1.01% of the company’s stock.

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.