Assenagon Asset Management S.A. Buys 25,091 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Assenagon Asset Management S.A. raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 32.6% in the fourth quarter, HoldingsChannel reports. The fund owned 102,128 shares of the specialty retailer’s stock after acquiring an additional 25,091 shares during the period. Assenagon Asset Management S.A.’s holdings in O’Reilly Automotive were worth $121,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive in the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC boosted its position in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive in the third quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive during the third quarter worth about $41,000. Finally, Kieckhefer Group LLC bought a new position in O’Reilly Automotive during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ORLY shares. Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,270.69.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,204.33 on Wednesday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,283.96. The company has a market cap of $69.53 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.58 and a beta of 0.94. The firm has a 50 day simple moving average of $1,224.54 and a 200 day simple moving average of $1,158.85.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.72 earnings per share. As a group, analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company 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.