O'Reilly Automotive, Inc. $ORLY Stock: Assenagon Asset Management S.A. Grows Holdings

Key Points

• Assenagon Asset Management increased its O’Reilly Automotive stake by 73.1% in the third quarter, bringing its holdings to 7.25 million shares valued at approximately $619.3 million. Institutional investors collectively own about 85% of the company.
• Analysts maintain a favorable outlook, with 16 Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $107.26.
• O’Reilly reported quarterly revenue of $4.89 billion, up 8.1% year over year, while matching consensus earnings at $0.86 per share. Shares opened at $88.50, near the lower end of their 52-week range.

Assenagon Asset Management S.A. increased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 73.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,251,056 shares of the specialty retailer's stock after buying an additional 3,061,855 shares during the quarter. Assenagon Asset Management S.A. owned about 0.90% of O'Reilly Automotive worth $619,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ORLY. Mainsail Asset Management LLC lifted its position in O'Reilly Automotive by 7.9% during the third quarter. Mainsail Asset Management LLC now owns 5,796 shares of the specialty retailer's stock valued at $493,000 after buying an additional 426 shares in the last quarter. HBW Advisory Services LLC grew its stake in O'Reilly Automotive by 49.7% during the third quarter. HBW Advisory Services LLC now owns 3,681 shares of the specialty retailer's stock worth $314,000 after buying an additional 1,222 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of O'Reilly Automotive in the third quarter worth $479,000. First Pacific Financial acquired a new stake in shares of O'Reilly Automotive in the third quarter worth $51,000. Finally, Fortitude Family Office LLC increased its position in shares of O'Reilly Automotive by 58.5% in the third quarter. Fortitude Family Office LLC now owns 431 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 159 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ORLY shares. Robert W. Baird set a $100.00 target price on shares of O'Reilly Automotive and gave the company a "neutral" rating in a research note on Friday, July 31st. Morgan Stanley decreased their price target on shares of 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. BNP Paribas Exane decreased their price target on shares of O'Reilly Automotive from $116.00 to $115.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Wells Fargo & Company set a $100.00 price target on O'Reilly Automotive and gave the company an "overweight" rating in a report on Friday, July 24th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $110.00 price target (down from $115.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $107.26.

Insider Activity at O'Reilly Automotive

In related news, SVP Christopher Mancini sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the sale, the senior vice president directly owned 189 shares of the company's stock, valued at approximately $17,577. This represents a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 1,000 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the transaction, the director owned 18,675 shares in the company, valued at $1,640,225.25. This trade represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 6,000 shares of company stock valued at $550,530. Corporate insiders own 0.77% of the company's stock.

O'Reilly Automotive Stock Up 2.1%

Shares of O'Reilly Automotive stock opened at $88.50 on Friday. The firm has a market cap of $71.59 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.15 and a beta of 0.54. O'Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $102.71. The business has a 50-day moving average price of $87.52 and a 200 day moving average price of $89.25.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, hitting analysts' consensus estimates of $0.86. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.86 billion. O'Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%. O'Reilly Automotive's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts anticipate that O'Reilly Automotive, Inc. will post 3.28 earnings per share for the current year.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers as well as professional automotive service providers, offering products for vehicle maintenance, repair and customization.

Its merchandise includes replacement parts such as brakes, batteries, filters and engine components, along with lubricants, shop equipment, tools, accessories and related products. O'Reilly also provides services such as parts lookup, battery testing and recycling, loaner tools, and delivery to professional customers.

Founded in 1957 by the O'Reilly family in Springfield, Missouri, the company has grown from a single store into a large retail and distribution network serving customers throughout the United States and Mexico.

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