Segall Bryant & Hamill LLC Decreases Position in LKQ Co. (LKQ)

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Segall Bryant & Hamill LLC trimmed its stake in shares of LKQ Co. (NASDAQ:LKQ) by 27.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,049,633 shares of the auto parts company’s stock after selling 398,884 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in LKQ were worth $24,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LKQ. Riverview Trust Co purchased a new stake in LKQ in the 4th quarter worth about $34,000. Tributary Capital Management LLC purchased a new stake in LKQ in the 4th quarter worth about $47,000. Enlightenment Research LLC purchased a new stake in LKQ in the 4th quarter worth about $62,000. ETF Managers Group LLC lifted its stake in LKQ by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 3,436 shares of the auto parts company’s stock worth $82,000 after acquiring an additional 468 shares in the last quarter. Finally, Berman Capital Advisors LLC purchased a new stake in LKQ in the 4th quarter worth about $81,000. 90.84% of the stock is owned by institutional investors and hedge funds.

LKQ opened at $28.70 on Thursday. LKQ Co. has a fifty-two week low of $22.74 and a fifty-two week 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 stock has a market cap of $9.01 billion, a PE ratio of 13.11, a PEG 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 for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). LKQ had a return on equity of 14.59% and a net margin of 4.04%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, research analysts forecast that LKQ Co. will post 2.4 EPS for the current fiscal year.

Several equities research analysts recently issued reports on LKQ shares. 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 price objective for the company in a research note on Wednesday, March 6th. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, William Blair downgraded LKQ from an “outperform” rating to a “market perform” rating in a research note 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. LKQ currently has an average rating of “Hold” and a consensus price target of $38.00.

In other news, EVP John S. Quinn sold 6,861 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $27.63, for a total transaction of $189,569.43. Following the transaction, the executive vice president now owns 241,563 shares of the company’s stock, valued at approximately $6,674,385.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Quinn sold 9,806 shares of the stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $26.56, for a total value of $260,447.36. Following the transaction, the executive vice president now directly owns 253,578 shares in the company, valued at approximately $6,735,031.68. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

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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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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