Allianz Asset Management GmbH raised its stake in shares of LKQ Co. (NASDAQ:LKQ) by 3,552.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,470 shares of the auto parts company’s stock after acquiring an additional 228,050 shares during the period. Allianz Asset Management GmbH owned approximately 0.08% of LKQ worth $9,535,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Calton & Associates Inc. purchased a new position in shares of LKQ during the 4th quarter worth approximately $116,000. First Personal Financial Services raised its stake in shares of LKQ by 194.0% during the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock worth $157,000 after buying an additional 2,542 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LKQ by 1,773.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock worth $186,000 after buying an additional 4,328 shares in the last quarter. Zions Bancorporation purchased a new position in shares of LKQ during the 3rd quarter worth approximately $197,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of LKQ during the 4th quarter worth approximately $203,000. 93.85% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on LKQ. BidaskClub downgraded LKQ from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Barrington Research reissued a “buy” rating and set a $45.00 target price on shares of LKQ in a research note on Monday, February 26th. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, February 28th. Stephens set a $50.00 target price on LKQ and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, B. Riley increased their target price on LKQ from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $44.78.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). LKQ had a net margin of 5.48% and a return on equity of 14.84%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts predict that LKQ Co. will post 2.35 earnings per share for the current fiscal year.
In other LKQ news, EVP John S. Quinn sold 10,301 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $43.24, for a total transaction of $445,415.24. Following the sale, the executive vice president now owns 296,765 shares in the company, valued at approximately $12,832,118.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael S. Clark sold 7,500 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $40.07, for a total value of $300,525.00. Following the sale, the vice president now owns 61,860 shares in the company, valued at approximately $2,478,730.20. The disclosure for this sale can be found here. Insiders sold a total of 50,302 shares of company stock valued at $2,107,930 over the last ninety days. 1.10% of the stock is currently owned by company insiders.
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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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