Hound Partners LLC cut its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,576,751 shares of the auto parts company’s stock after selling 236,071 shares during the period. LKQ accounts for 10.7% of Hound Partners LLC’s holdings, making the stock its 2nd biggest holding. Hound Partners LLC owned about 3.10% of LKQ worth $389,486,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LKQ. Rhumbline Advisers boosted its stake in LKQ by 0.8% in the third quarter. Rhumbline Advisers now owns 548,517 shares of the auto parts company’s stock valued at $19,741,000 after acquiring an additional 4,110 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in LKQ by 6.8% in the third quarter. Russell Investments Group Ltd. now owns 415,050 shares of the auto parts company’s stock valued at $14,938,000 after acquiring an additional 26,495 shares in the last quarter. SG Americas Securities LLC boosted its stake in LKQ by 44.2% in the third quarter. SG Americas Securities LLC now owns 14,129 shares of the auto parts company’s stock valued at $509,000 after acquiring an additional 4,329 shares in the last quarter. Schroder Investment Management Group boosted its stake in LKQ by 3.1% in the third quarter. Schroder Investment Management Group now owns 298,177 shares of the auto parts company’s stock valued at $10,660,000 after acquiring an additional 8,846 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of LKQ by 106.7% in the third quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock worth $90,264,000 after buying an additional 1,294,439 shares during the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.
In other LKQ news, EVP John S. Quinn sold 7,501 shares of LKQ stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total value of $298,239.76. Following the completion of the transaction, the executive vice president now owns 270,218 shares of the company’s stock, valued at $10,743,867.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Victor M. Casini sold 25,000 shares of LKQ stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $42.55, for a total transaction of $1,063,750.00. Following the completion of the sale, the vice president now owns 222,395 shares in the company, valued at approximately $9,462,907.25. The disclosure for this sale can be found here. Insiders sold 42,802 shares of company stock valued at $1,807,405 in the last ninety days. 1.10% of the stock is owned by corporate insiders.
LKQ Co. (LKQ) opened at $39.42 on Wednesday. LKQ Co. has a fifty-two week low of $27.85 and a fifty-two week high of $43.86. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 1.09. The firm has a market cap of $12,175.58, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97.
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 analysts’ consensus estimates 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 firm posted $0.35 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. equities research analysts expect that LKQ Co. will post 2.35 EPS for the current fiscal year.
LKQ Company Profile
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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