Assenagon Asset Management S.A. Acquires 1,155,097 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Assenagon Asset Management increased its O’Reilly Automotive stake by 38.1%, purchasing 1.16 million shares to hold 4.19 million shares worth approximately $385.8 million. Institutional investors own about 85% of the company.
• Wall Street maintains a positive outlook, with one Strong Buy, 15 Buy and three Hold ratings; the stock has a “Moderate Buy” consensus and an average price target of $107.94.
• O’Reilly reported quarterly EPS of $0.86, in line with estimates, while revenue of $4.89 billion exceeded expectations and rose 8.1% year over year. However, insiders sold roughly 88,395 shares worth $8.17 million over the past three months.

Assenagon Asset Management S.A. grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 38.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,189,201 shares of the specialty retailer's stock after purchasing an additional 1,155,097 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.51% of O'Reilly Automotive worth $385,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in O'Reilly Automotive during the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new position in O'Reilly Automotive in the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new position in O'Reilly Automotive in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC grew its position in shares of O'Reilly Automotive by 1,552.6% during the 1st quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 295 shares during the period. Finally, Kohmann Bosshard Financial Services LLC grew its position in shares of O'Reilly Automotive by 54.3% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 114 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ORLY shares. Wells Fargo & Company set a $100.00 price target on shares of O'Reilly Automotive in a report on Friday, July 24th. Evercore reissued an "outperform" rating and set a $115.00 price objective on shares of O'Reilly Automotive in a report on Friday, May 1st. Morgan Stanley decreased their target price on O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. DA Davidson set a $106.00 target price on O'Reilly Automotive in a research note on Friday, July 31st. Finally, Truist Financial set a $108.00 price target on O'Reilly Automotive in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, O'Reilly Automotive currently has an average rating of "Moderate Buy" and an average price target of $107.94.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, Director Thomas Hendrickson sold 1,200 shares of O'Reilly Automotive stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the transaction, the director owned 19,675 shares of the company's stock, valued at $1,737,696. The trade was a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Allen Dumas sold 84,600 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $92.60, for a total value of $7,833,960.00. Following the sale, the senior vice president owned 1,782 shares in the company, valued at approximately $165,013.20. This represents a 97.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 88,395 shares of company stock worth $8,170,043. 0.77% of the stock is owned by company insiders.

O'Reilly Automotive Trading Down 0.1%

ORLY opened at $93.37 on Friday. The company has a 50 day moving average of $88.35 and a 200 day moving average of $91.58. The company has a market cap of $77.38 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. O'Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.86. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.86 billion. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. Research analysts forecast that O'Reilly Automotive, Inc. will post 3.27 earnings per share for the current fiscal year.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company's product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O'Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.

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