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

TimesSquare Capital Management LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 121,064 shares of the specialty retailer’s stock after acquiring an additional 366 shares during the quarter. O’Reilly Automotive makes up 1.7% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. TimesSquare Capital Management LLC’s holdings in O’Reilly Automotive were worth $115,020,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after purchasing an additional 66,629 shares during the last quarter. Invesco Ltd. increased its holdings in shares of O’Reilly Automotive by 3.7% during the 3rd quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after buying an additional 31,487 shares during the last quarter. Northern Trust Corp raised its position in shares of O’Reilly Automotive by 3.5% during the 3rd quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock valued at $621,249,000 after buying an additional 23,016 shares during the period. International Assets Investment Management LLC lifted its holdings in O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after acquiring an additional 652,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in O’Reilly Automotive by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 345,028 shares of the specialty retailer’s stock worth $327,804,000 after acquiring an additional 3,136 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

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

O’Reilly Automotive Stock Performance

ORLY stock traded up $10.38 during midday trading on Thursday, reaching $1,030.72. 245,326 shares of the company were exchanged, compared to its average volume of 374,814. The stock’s 50-day simple moving average is $1,090.31 and its 200 day simple moving average is $1,021.38. The company has a market cap of $60.84 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its 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. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $8.28 EPS. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORLY. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Evercore ISI reduced their price target on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Mizuho started coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. Wedbush restated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Finally, UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,110.07.

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.