LKQ Co. (LKQ) Stake Boosted by Oppenheimer Asset Management Inc.

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Oppenheimer Asset Management Inc. grew its position in shares of LKQ Co. (NASDAQ:LKQ) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 499,830 shares of the auto parts company’s stock after acquiring an additional 10,824 shares during the period. Oppenheimer Asset Management Inc.’s holdings in LKQ were worth $14,185,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in LKQ by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after buying an additional 4,128 shares in the last quarter. Lunia Capital LP raised its stake 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 worth $16,298,000 after buying an additional 15,577,728 shares in the last quarter. Fulton Bank N.A. raised its stake in LKQ by 19.0% in the fourth quarter. Fulton Bank N.A. now owns 34,693 shares of the auto parts company’s stock worth $823,000 after buying an additional 5,528 shares in the last quarter. Courant Investment Management LLC raised its stake in LKQ by 8.9% in the fourth quarter. Courant Investment Management LLC now owns 329,559 shares of the auto parts company’s stock worth $7,820,000 after buying an additional 27,000 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in LKQ by 34.0% in the fourth quarter. Bank of America Corp DE now owns 975,422 shares of the auto parts company’s stock worth $23,147,000 after buying an additional 247,407 shares in the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP John S. Quinn sold 6,861 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.63, for a total value of $189,569.43. Following the sale, the executive vice president now owns 241,563 shares in the company, valued at $6,674,385.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

Shares of NASDAQ:LKQ traded up $0.10 during trading on Wednesday, reaching $31.44. 2,777,798 shares of the stock traded hands, compared to its average volume of 2,708,912. LKQ Co. has a 52-week low of $22.74 and a 52-week high of $37.88. The company has a quick ratio of 1.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.87. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.99 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 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 firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that LKQ Co. will post 2.4 earnings per share for the current year.

A number of research firms recently issued reports on LKQ. Zacks Investment Research raised shares of LKQ from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. BidaskClub raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Barrington Research set a $43.00 price target on shares of LKQ and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. LKQ has an average rating of “Hold” and an average target price of $37.60.

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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. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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