ING Groep NV acquired a new position in shares of LKQ Corp. (NASDAQ:LKQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,874 shares of the company’s stock, valued at approximately $345,000.
Other hedge funds also recently bought and sold shares of the company. IBM Retirement Fund boosted its stake in shares of LKQ Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 36,165 shares of the company’s stock worth $1,197,000 after buying an additional 111 shares during the period. Aviva PLC boosted its position in LKQ Corp. by 0.3% in the first quarter. Aviva PLC now owns 142,304 shares of the company’s stock worth $4,544,000 after buying an additional 452 shares during the period. Eqis Capital Management Inc. boosted its position in LKQ Corp. by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 12,425 shares of the company’s stock worth $394,000 after buying an additional 817 shares during the period. DNB Asset Management AS boosted its position in LKQ Corp. by 6.3% in the second quarter. DNB Asset Management AS now owns 15,262 shares of the company’s stock worth $484,000 after buying an additional 900 shares during the period. Finally, M&T Bank Corp boosted its position in LKQ Corp. by 1.6% in the first quarter. M&T Bank Corp now owns 60,144 shares of the company’s stock worth $1,919,000 after buying an additional 945 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.
LKQ Corp. (NASDAQ:LKQ) traded up 0.60% during midday trading on Wednesday, hitting $33.31. 1,318,057 shares of the company were exchanged. LKQ Corp. has a 1-year low of $23.95 and a 1-year high of $36.35. The stock has a 50 day moving average of $35.25 and a 200 day moving average of $33.52. The firm has a market capitalization of $10.23 billion, a PE ratio of 22.97 and a beta of 0.72.
LKQ Corp. (NASDAQ:LKQ) last issued its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.42 billion. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. On average, equities analysts predict that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Robert W. Baird reissued an “outperform” rating and set a $36.00 price objective on shares of LKQ Corp. in a research report on Tuesday, June 28th. Zacks Investment Research cut shares of LKQ Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Susquehanna assumed coverage on shares of LKQ Corp. in a research report on Thursday, August 25th. They set a “positive” rating and a $42.00 price objective on the stock. Finally, FBR & Co reissued an “outperform” rating and set a $40.00 price objective on shares of LKQ Corp. in a research report on Wednesday, October 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.25.
In other news, insider Robert L. Wagman sold 20,100 shares of LKQ Corp. stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $34.07, for a total transaction of $684,807.00. Following the sale, the insider now owns 360,456 shares of the company’s stock, valued at approximately $12,280,735.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert L. Wagman sold 19,700 shares of LKQ Corp. stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $34.51, for a total transaction of $679,847.00. Following the sale, the insider now directly owns 358,654 shares in the company, valued at approximately $12,377,149.54. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
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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