Los Angeles Capital Management & Equity Research Inc. acquired a new position in LKQ Co. (NASDAQ:LKQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,100 shares of the auto parts company’s stock, valued at approximately $477,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LKQ. SG Americas Securities LLC lifted its stake in shares of LKQ by 3.2% in the 3rd quarter. SG Americas Securities LLC now owns 66,809 shares of the auto parts company’s stock valued at $2,116,000 after acquiring an additional 2,050 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of LKQ by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,938,421 shares of the auto parts company’s stock valued at $188,070,000 after acquiring an additional 181,633 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of LKQ by 3.6% in the 3rd quarter. Toronto Dominion Bank now owns 255,381 shares of the auto parts company’s stock valued at $8,087,000 after acquiring an additional 8,758 shares during the last quarter. Wetherby Asset Management Inc. bought a new stake in shares of LKQ in the 3rd quarter valued at about $218,000. Finally, Rhumbline Advisers lifted its stake in shares of LKQ by 0.9% in the 3rd quarter. Rhumbline Advisers now owns 576,214 shares of the auto parts company’s stock valued at $18,249,000 after acquiring an additional 5,169 shares during the last quarter. 89.99% of the stock is owned by institutional investors and hedge funds.
In other LKQ news, EVP John S. Quinn sold 9,806 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $26.56, for a total transaction of $260,447.36. Following the transaction, the executive vice president now owns 253,578 shares in the company, valued at approximately $6,735,031.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Quinn sold 6,861 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $27.63, for a total value of $189,569.43. Following the transaction, the executive vice president now owns 241,563 shares in the company, valued at approximately $6,674,385.69. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, February 28th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). LKQ had a net margin of 4.04% and a return on equity of 14.59%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts expect that LKQ Co. will post 2.4 earnings per share for the current fiscal year.
LKQ has been the subject of a number of recent research reports. Barrington Research reissued a “buy” rating on shares of LKQ in a research note on Friday, December 14th. Guggenheim raised LKQ from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, March 6th. Zacks Investment Research upgraded LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. BidaskClub upgraded LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, William Blair downgraded LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.00.
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LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
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