Bank of New York Mellon Corp Has $1.78 Billion Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank of New York Mellon Corp lessened its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,244,923 shares of the specialty retailer's stock after selling 65,734 shares during the quarter. Bank of New York Mellon Corp owned 2.17% of O'Reilly Automotive worth $1,783,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ORLY. Carolinas Wealth Consulting LLC grew its holdings in shares of O'Reilly Automotive by 14.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after acquiring an additional 8 shares during the period. Marcum Wealth LLC lifted its stake in O'Reilly Automotive by 4.0% in the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC boosted its holdings in shares of O'Reilly Automotive by 1.9% during the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after purchasing an additional 8 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of O'Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after purchasing an additional 8 shares during the last quarter. Finally, Alcosta Capital Management Inc. boosted its holdings in shares of O'Reilly Automotive by 0.3% during the fourth quarter. Alcosta Capital Management Inc. now owns 3,156 shares of the specialty retailer's stock worth $3,742,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 1.1%

O'Reilly Automotive stock traded down $1.03 during mid-day trading on Tuesday, hitting $91.64. The company's stock had a trading volume of 4,044,165 shares, compared to its average volume of 5,494,735. The stock has a market capitalization of $78.34 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.52 and a beta of 0.58. O'Reilly Automotive, Inc. has a twelve month low of $67.55 and a twelve month high of $97.22. The stock's fifty day moving average price is $90.75 and its two-hundred day moving average price is $88.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The firm had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In other news, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the transaction, the director directly owned 4,560 shares in the company, valued at $419,216. The trade was a 39.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Najera Jose A. Montellano sold 285 shares of O'Reilly Automotive stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock worth $3,022,386 in the last ninety days. Corporate insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ORLY shares. Barclays increased their target price on O'Reilly Automotive from $83.33 to $86.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. DA Davidson raised their target price on O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a research note on Friday, April 25th. Guggenheim reiterated a "buy" rating and issued a $98.33 price target on shares of O'Reilly Automotive in a research note on Monday, March 10th. Wells Fargo & Company lifted their target price on O'Reilly Automotive from $95.00 to $103.33 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Finally, Wall Street Zen raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $94.38.

O'Reilly Automotive 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.