Assenagon Asset Management S.A. Increases Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Assenagon Asset Management S.A. raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 197.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,484 shares of the specialty retailer's stock after purchasing an additional 201,356 shares during the period. O'Reilly Automotive accounts for 0.7% of Assenagon Asset Management S.A.'s holdings, making the stock its 20th biggest holding. Assenagon Asset Management S.A. owned 0.53% of O'Reilly Automotive worth $434,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of O'Reilly Automotive during the fourth quarter worth about $28,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of O'Reilly Automotive in the 4th quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of O'Reilly Automotive in the 4th quarter worth about $32,000. Investment Management Corp VA ADV acquired a new stake in shares of O'Reilly Automotive in the 4th quarter worth about $37,000. Finally, Piscataqua Savings Bank acquired a new stake in shares of O'Reilly Automotive in the 1st quarter worth about $43,000. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORLY shares. Mizuho upped their target price on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a report on Friday, April 25th. DA Davidson upped their target price on shares of O'Reilly Automotive from $101.67 to $106.67 and gave the stock a "buy" rating in a report on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Wells Fargo & Company upped their target price on shares of O'Reilly Automotive from $95.00 to $103.33 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Finally, Guggenheim restated a "buy" rating and issued a $98.33 target price on shares of O'Reilly Automotive in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $94.30.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded down $1.14 on Friday, reaching $89.91. 4,020,258 shares of the company traded hands, compared to its average volume of 5,592,848. O'Reilly Automotive, Inc. has a 52 week low of $66.94 and a 52 week high of $97.22. The company has a 50 day moving average of $91.37 and a 200 day moving average of $87.83. The firm has a market capitalization of $5.12 billion, a PE ratio of 2.21, a PEG ratio of 2.34 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.04). O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm's revenue was up 4.0% on a year-over-year basis. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In other news, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director now directly owns 4,560 shares of the company's stock, valued at $419,216. This represents a 39.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the sale, the senior vice president now owns 240 shares in the company, valued at $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,285 shares of company stock valued at $3,022,386 in the last three months. Company insiders own 1.01% of the company's stock.

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.