Goldman Sachs Group Inc. raised its stake in LKQ Co. (NASDAQ:LKQ) by 39.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,513,151 shares of the auto parts company’s stock after acquiring an additional 1,283,674 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.46% of LKQ worth $183,550,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Calton & Associates Inc. acquired a new position in shares of LKQ in the fourth quarter worth $116,000. First Personal Financial Services raised its holdings in shares of LKQ by 194.0% in the fourth quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock worth $157,000 after acquiring an additional 2,542 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of LKQ by 1,773.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock worth $186,000 after acquiring an additional 4,328 shares during the last quarter. Zions Bancorporation acquired a new position in shares of LKQ in the third quarter worth $197,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of LKQ in the fourth quarter worth $203,000. 93.85% of the stock is owned by institutional investors.
In related news, VP Michael S. Clark sold 7,500 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $40.07, for a total value of $300,525.00. Following the completion of the transaction, the vice president now owns 61,860 shares of the company’s stock, valued at $2,478,730.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Quinn sold 10,301 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total value of $445,415.24. Following the completion of the transaction, the executive vice president now directly owns 296,765 shares of the company’s stock, valued at approximately $12,832,118.60. The disclosure for this sale can be found here. Insiders sold 50,302 shares of company stock valued at $2,107,930 in the last three months. 1.10% of the stock is currently owned by company insiders.
Shares of LKQ Co. (LKQ) opened at $39.64 on Monday. LKQ Co. has a 1 year low of $27.85 and a 1 year high of $43.86. The company has a quick ratio of 1.09, a current ratio of 2.89 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $12,271.54, a PE ratio of 23.05, a PEG ratio of 1.06 and a beta of 0.97.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.37 billion. LKQ had a net margin of 5.48% and a return on equity of 14.84%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. research analysts expect that LKQ Co. will post 2.35 EPS for the current fiscal year.
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LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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