LaFleur & Godfrey LLC Reduces Stock Holdings in LKQ Co. (NASDAQ:LKQ)

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LaFleur & Godfrey LLC decreased its position in LKQ Co. (NASDAQ:LKQ) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 162,650 shares of the auto parts company’s stock after selling 9,210 shares during the period. LaFleur & Godfrey LLC’s holdings in LKQ were worth $4,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new stake in shares of LKQ during the second quarter worth $26,000. Icon Wealth Partners LLC purchased a new stake in shares of LKQ during the first quarter worth $31,000. Optimum Investment Advisors lifted its position in shares of LKQ by 211.1% during the second quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 950 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of LKQ during the second quarter worth $38,000. Finally, Investors Research Corp lifted its position in shares of LKQ by 33.3% during the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Shares of LKQ stock opened at $31.79 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 2.20. LKQ Co. has a 52-week low of $22.74 and a 52-week high of $33.22. The company has a market capitalization of $9.84 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.31. The business’s fifty day moving average is $26.98 and its 200 day moving average is $27.51.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that LKQ Co. will post 2.33 EPS for the current fiscal year.

In related news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the sale, the executive vice president now owns 254,674 shares in the company, valued at $6,886,384.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.71% of the company’s stock.

Several equities research analysts have issued reports on LKQ shares. Barrington Research set a $43.00 target price on LKQ and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Raymond James downgraded LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 26th. Wellington Shields downgraded LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. ValuEngine upgraded LKQ from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Zacks Investment Research downgraded LKQ from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.00.

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.

Further Reading: Cost of Debt

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQ).

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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