Bank of New York Mellon Corp Sells 1,733,441 Shares of O’Reilly Automotive, Inc. $ORLY

Bank of New York Mellon Corp lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,917,663 shares of the specialty retailer’s stock after selling 1,733,441 shares during the quarter. Bank of New York Mellon Corp owned 1.88% of O’Reilly Automotive worth $1,716,083,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brant Point Investment Management LLC boosted its position in O’Reilly Automotive by 1,244.7% during the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock valued at $13,476,000 after acquiring an additional 138,401 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of O’Reilly Automotive by 1,898.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 2,961 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in O’Reilly Automotive by 1,438.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock valued at $125,150,000 after purchasing an additional 1,298,307 shares in the last quarter. Oxbow Advisors LLC grew its stake in O’Reilly Automotive by 785.7% in the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock valued at $5,977,000 after purchasing an additional 58,828 shares during the last quarter. Finally, Providence First Trust Co raised its holdings in O’Reilly Automotive by 1,433.6% in the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 6,408 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ORLY shares. UBS Group restated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Mizuho set a $112.00 target price on shares of O’Reilly Automotive in a research note on Monday, October 20th. Truist Financial set a $109.00 price target on O’Reilly Automotive in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. Finally, Robert W. Baird upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $111.80.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the transaction, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director directly owned 8,125 shares of the company’s stock, valued at $752,375. This trade represents a 27.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,980 shares of company stock worth $882,335. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $100.62 on Wednesday. The company’s fifty day moving average price is $95.48 and its 200-day moving average price is $98.95. O’Reilly Automotive, Inc. has a 1-year low of $84.29 and a 1-year high of $108.71. The firm has a market capitalization of $84.93 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.