LKQ Co. (LKQ) Position Boosted by Park West Asset Management LLC

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Park West Asset Management LLC increased its stake in shares of LKQ Co. (NASDAQ:LKQ) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,242,400 shares of the auto parts company’s stock after buying an additional 175,000 shares during the quarter. LKQ comprises about 2.6% of Park West Asset Management LLC’s holdings, making the stock its 10th largest position. Park West Asset Management LLC owned approximately 0.70% of LKQ worth $53,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lunia Capital LP lifted its position in LKQ by 2,163.3% in the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock valued at $16,298,000 after purchasing an additional 15,577,728 shares during the period. Capital World Investors acquired a new stake in LKQ in the third quarter valued at about $288,862,000. FMR LLC lifted its position in LKQ by 157.2% in the third quarter. FMR LLC now owns 5,072,636 shares of the auto parts company’s stock valued at $160,650,000 after purchasing an additional 3,100,431 shares during the period. River Road Asset Management LLC acquired a new stake in LKQ in the fourth quarter valued at about $36,727,000. Finally, Partner Fund Management L.P. acquired a new stake in LKQ in the third quarter valued at about $43,719,000. 90.84% of the stock is currently owned by hedge funds and other institutional investors.

LKQ stock opened at $28.63 on Thursday. LKQ Co. has a 12-month low of $22.74 and a 12-month high of $39.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.67 and a quick ratio of 1.00. The company has a market cap of $9.01 billion, a PE ratio of 13.07, a P/E/G ratio of 0.92 and a beta of 1.27.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 28th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). LKQ had a net margin of 4.04% and a return on equity of 14.59%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. LKQ’s revenue was up 21.5% on a year-over-year basis. On average, analysts forecast that LKQ Co. will post 2.4 earnings per share for the current year.

In related news, EVP John S. Quinn sold 9,806 shares of LKQ 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 completion of the transaction, the executive vice president now directly owns 253,578 shares in the company, valued at approximately $6,735,031.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Quinn sold 6,861 shares of LKQ 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 of the company’s stock, valued at $6,674,385.69. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on LKQ shares. Barrington Research restated a “buy” rating on shares of LKQ in a research report on Friday, December 14th. Guggenheim upgraded shares of LKQ from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, March 6th. Zacks Investment Research upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, William Blair downgraded shares of LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, January 18th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $38.00.

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LKQ 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.

Further Reading: Calculate Your Return on Investment (ROI)

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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