Assenagon Asset Management S.A. Has $280.08 Million Stock Position in O’Reilly Automotive, Inc. $ORLY

Assenagon Asset Management S.A. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 74.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,034,104 shares of the specialty retailer’s stock after acquiring an additional 1,296,939 shares during the period. Assenagon Asset Management S.A.’s holdings in O’Reilly Automotive were worth $280,078,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ORLY. Vanguard Group Inc. increased its holdings in O’Reilly Automotive by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock valued at $7,272,186,000 after purchasing an additional 458,613 shares during the period. State Street Corp lifted its holdings in O’Reilly Automotive by 0.4% during the 4th quarter. State Street Corp now owns 37,206,098 shares of the specialty retailer’s stock worth $3,393,568,000 after buying an additional 140,387 shares during the period. Geode Capital Management LLC lifted its holdings in O’Reilly Automotive by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock worth $2,201,555,000 after buying an additional 372,896 shares during the period. Wellington Management Group LLP grew its position in shares of O’Reilly Automotive by 25.1% in the 4th quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock valued at $1,345,829,000 after buying an additional 2,964,945 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at about $1,134,311,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.4%

ORLY stock opened at $87.89 on Thursday. The stock has a 50-day moving average price of $90.87 and a 200-day moving average price of $92.62. O’Reilly Automotive, Inc. has a 1-year low of $84.76 and a 1-year high of $108.71. The firm has a market cap of $72.84 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.53.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 29th. The specialty retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the prior year, the company earned $9.35 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. On average, analysts forecast that O’Reilly Automotive, Inc. will post 3.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORLY shares. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Monday, April 27th. Roth Mkm reiterated a “buy” rating and issued a $109.00 target price on shares of O’Reilly Automotive in a report on Monday, May 4th. TD Cowen reissued a “buy” rating and set a $117.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research report on Friday, May 1st. Evercore reissued an “outperform” rating and set a $115.00 target price on shares of O’Reilly Automotive in a research report on Friday, May 1st. Finally, Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.25.

Insiders Place Their Bets

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 13,635 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $95.00, for a total value of $1,295,325.00. Following the transaction, the chief executive officer directly owned 12,250 shares of the company’s stock, valued at approximately $1,163,750. The trade was a 52.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Raymond Murphy sold 2,595 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $88.67, for a total value of $230,098.65. Following the transaction, the director owned 4,000 shares in the company, valued at $354,680. The trade was a 39.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,730 shares of company stock valued at $9,815,388 in the last 90 days. Company insiders own 0.77% of the company’s stock.

About O’Reilly Automotive

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.