O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,752 shares of the specialty retailer’s stock after selling 11,915 shares during the quarter. O’Reilly Automotive accounts for about 1.6% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. TimesSquare Capital Management LLC’s holdings in O’Reilly Automotive were worth $105,662,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Trifecta Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive during the third quarter valued at about $41,000. Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter worth about $43,000. Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter worth about $44,000. Finally, ORG Partners LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter worth about $48,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ORLY. Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Truist Financial lifted their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen increased their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,217.70 on Friday. The business has a 50 day simple moving average of $1,161.22 and a 200 day simple moving average of $1,088.58. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,239.65. The company has a market capitalization of $70.64 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business posted $10.72 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,322 shares of company stock worth $18,280,698 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

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.