We Are One Seven LLC Takes $197,000 Position in LKQ Co. (LKQ)

We Are One Seven LLC acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,844 shares of the auto parts company’s stock, valued at approximately $197,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of LKQ by 0.8% during the fourth quarter. BlackRock Inc. now owns 18,779,286 shares of the auto parts company’s stock worth $763,754,000 after buying an additional 155,013 shares during the period. UBS Asset Management Americas Inc. lifted its position in LKQ by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 6,259,733 shares of the auto parts company’s stock worth $254,583,000 after purchasing an additional 21,067 shares during the period. Goldman Sachs Group Inc. lifted its position in LKQ by 39.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock worth $183,550,000 after purchasing an additional 1,283,674 shares during the period. CI Global Investments Inc. lifted its position in LKQ by 49.7% in the fourth quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock worth $154,263,000 after purchasing an additional 1,259,782 shares during the period. Finally, Geode Capital Management LLC lifted its position in LKQ by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,444,670 shares of the auto parts company’s stock worth $139,814,000 after purchasing an additional 100,423 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.

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LKQ Co. (NASDAQ:LKQ) opened at $37.17 on Monday. The stock has a market capitalization of $11,508.59, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. LKQ Co. has a twelve month low of $27.85 and a twelve month high of $43.86. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 1.09.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.37 billion. LKQ had a net margin of 5.48% and a return on equity of 14.84%. LKQ’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. equities research analysts forecast that LKQ Co. will post 2.34 EPS for the current fiscal year.

In other LKQ news, EVP John S. Quinn sold 10,301 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total transaction of $445,415.24. Following the sale, the executive vice president now directly owns 296,765 shares of the company’s stock, valued at approximately $12,832,118.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John S. Quinn sold 7,501 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total transaction of $298,239.76. Following the sale, the executive vice president now directly owns 270,218 shares in the company, valued at $10,743,867.68. The disclosure for this sale can be found here. Insiders sold 42,802 shares of company stock worth $1,807,405 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on LKQ shares. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Monday, January 8th. Robert W. Baird restated a “buy” rating and issued a $47.00 target price on shares of LKQ in a research report on Friday, December 22nd. BidaskClub upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Wellington Shields downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Stephens set a $50.00 target price on LKQ and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.78.

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LKQ Profile

LKQ Corporation (LKQ) is a 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, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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