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

Assenagon Asset Management S.A. raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,128 shares of the specialty retailer’s stock after purchasing an additional 25,091 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.18% of O’Reilly Automotive worth $121,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC grew its holdings in O’Reilly Automotive by 3.1% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,170 shares of the specialty retailer’s stock worth $1,387,000 after acquiring an additional 35 shares during the last quarter. Oak Thistle LLC lifted its position in shares of O’Reilly Automotive by 135.6% during the fourth quarter. Oak Thistle LLC now owns 2,413 shares of the specialty retailer’s stock worth $2,861,000 after purchasing an additional 1,389 shares in the last quarter. Floyd Financial Group LLC bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $1,022,000. SeaCrest Wealth Management LLC increased its holdings in shares of O’Reilly Automotive by 1.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,116 shares of the specialty retailer’s stock valued at $1,323,000 after purchasing an additional 13 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in O’Reilly Automotive by 21.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 170 shares of the specialty retailer’s stock worth $202,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s 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 value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets assumed coverage on O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 target price for the company. Barclays boosted their price objective on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,270.69.

O’Reilly Automotive Price Performance

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

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

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.