Principal Financial Group Inc. cut its stake in shares of LKQ Corp. (NASDAQ:LKQ) by 53.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 481,248 shares of the company’s stock after selling 555,759 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of LKQ Corp. worth $15,255,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of LKQ. Aviva PLC increased its stake in LKQ Corp. by 0.3% in the first quarter. Aviva PLC now owns 142,304 shares of the company’s stock valued at $4,544,000 after buying an additional 452 shares in the last quarter. Giverny Capital Inc. increased its stake in LKQ Corp. by 3.0% in the first quarter. Giverny Capital Inc. now owns 1,219,370 shares of the company’s stock valued at $38,934,000 after buying an additional 35,138 shares in the last quarter. M&T Bank Corp increased its stake in LKQ Corp. by 1.6% in the first quarter. M&T Bank Corp now owns 60,144 shares of the company’s stock valued at $1,919,000 after buying an additional 945 shares in the last quarter. Royce & Associates LP increased its stake in LKQ Corp. by 75.6% in the first quarter. Royce & Associates LP now owns 188,447 shares of the company’s stock valued at $6,017,000 after buying an additional 81,147 shares in the last quarter. Finally, Shufro Rose & Co. LLC bought a new stake in LKQ Corp. during the first quarter valued at about $335,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Shares of LKQ Corp. (NASDAQ:LKQ) traded down 0.54% on Friday, hitting $33.06. The stock had a trading volume of 124,504 shares. LKQ Corp. has a 12 month low of $23.95 and a 12 month high of $36.35. The stock has a market cap of $10.15 billion, a PE ratio of 22.80 and a beta of 0.72. The company has a 50 day moving average price of $35.45 and a 200-day moving average price of $33.44.
LKQ Corp. (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The firm earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, equities research analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current year.
Several research firms have issued reports on LKQ. Zacks Investment Research downgraded LKQ Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Susquehanna set a $42.00 price objective on LKQ Corp. and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird reiterated an “outperform” rating and issued a $36.00 price objective on shares of LKQ Corp. in a research report on Tuesday, June 28th. Finally, FBR & Co reiterated an “outperform” rating and issued a $40.00 price objective on shares of LKQ Corp. in a research report on Wednesday. Ten equities research analysts have rated the stock with a buy rating, LKQ Corp. currently has an average rating of “Buy” and an average target price of $38.25.
In related news, Director Joseph M. Holsten sold 16,000 shares of LKQ Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $36.00, for a total transaction of $576,000.00. Following the transaction, the director now owns 280,447 shares in the company, valued at approximately $10,096,092. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert L. Wagman sold 20,100 shares of LKQ Corp. stock in a transaction on Friday, July 29th. The shares were sold at an average price of $34.07, for a total transaction of $684,807.00. Following the transaction, the insider now owns 360,456 shares in the company, valued at approximately $12,280,735.92. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
About LKQ Corp.
LKQ Corporation (LKQ) is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
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