TimesSquare Capital Management LLC trimmed its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,484 shares of the specialty retailer's stock after selling 18,580 shares during the quarter. O'Reilly Automotive accounts for 1.7% of TimesSquare Capital Management LLC's portfolio, making the stock its 5th biggest holding. TimesSquare Capital Management LLC owned about 0.17% of O'Reilly Automotive worth $115,692,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in O'Reilly Automotive in the first quarter worth $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O'Reilly Automotive during the first quarter valued at $37,000. Indiana Trust & Investment Management CO lifted its holdings in shares of O'Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer's stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co bought a new position in shares of O'Reilly Automotive during the first quarter valued at $41,000. Finally, LifeSteps Financial Inc. bought a new position in shares of O'Reilly Automotive during the first quarter valued at $45,000. 85.00% of the stock is owned by institutional investors.
O'Reilly Automotive Stock Up 0.7 %
ORLY traded up $7.12 during midday trading on Friday, reaching $1,040.11. The company had a trading volume of 367,443 shares, compared to its average volume of 390,458. The business has a 50-day moving average of $1,013.25 and a two-hundred day moving average of $1,038.77. The company has a market cap of $61.25 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.90 and a beta of 0.92. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts' consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business posted $8.28 earnings per share. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 41.86 EPS for the current year.
Insiders Place Their Bets
In other O'Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company's stock in a transaction dated 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 owns 716 shares in the company, valued at $726,740. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares in the company, valued at $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company's stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Company insiders own 1.55% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. UBS Group upped their price target on O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Wells Fargo & Company lowered their price target on O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating on the stock in a report on Thursday, April 25th. Wedbush reaffirmed a "neutral" rating and set a $1,100.00 price target on shares of O'Reilly Automotive in a report on Thursday, April 25th. StockNews.com downgraded O'Reilly Automotive from a "buy" rating to a "hold" rating in a report on Friday, May 3rd. Finally, Mizuho started coverage on O'Reilly Automotive in a report on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,116.93.
Read Our Latest Research Report on O'Reilly Automotive
About O'Reilly Automotive
(Free Report)
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.
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