TimesSquare Capital Management LLC Buys 366 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

TimesSquare Capital Management LLC raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,064 shares of the specialty retailer’s stock after buying an additional 366 shares during the quarter. O’Reilly Automotive accounts for 1.7% of TimesSquare Capital Management LLC’s holdings, making the stock its 3rd biggest holding. TimesSquare Capital Management LLC owned 0.20% of O’Reilly Automotive worth $115,020,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Groesbeck Investment Management Corp NJ increased its holdings in O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after purchasing an additional 10 shares during the period. Lindbrook Capital LLC raised its holdings in O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 10 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in shares of O’Reilly Automotive by 11.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 11 shares during the period. Sunbelt Securities Inc. increased its position in shares of O’Reilly Automotive by 2.4% during the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after buying an additional 11 shares during the period. Finally, Atlas Brown Inc. raised its stake in O’Reilly Automotive by 2.8% during the fourth quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after buying an additional 11 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Price Performance

Shares of ORLY traded up $10.38 during trading hours on Thursday, hitting $1,030.72. The company’s stock had a trading volume of 245,326 shares, compared to its average volume of 374,814. The company has a market cap of $60.84 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.91 and a beta of 0.90. The business has a 50 day simple moving average of $1,090.31 and a two-hundred day simple moving average of $1,021.38. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the business earned $8.28 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts predict that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ORLY. Wells Fargo & Company decreased their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price on the stock. Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 25th. UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,110.07.

Insider Activity

In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,000 shares of company stock worth $33,391,813. 1.55% of the stock is currently owned by insiders.

About O’Reilly Automotive

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.