LKQ Co. (NASDAQ:LKQ) was the target of some unusual options trading activity on Tuesday. Investors acquired 14,384 call options on the company. This represents an increase of 16,062% compared to the average daily volume of 89 call options.
In other LKQ news, 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 directly owns 222,395 shares in the company, valued at $9,462,907.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John S. Quinn sold 10,301 shares of LKQ stock in a transaction dated Wednesday, January 17th. The shares were 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 of the company’s stock, valued at $12,832,118.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,802 shares of company stock valued at $1,807,405. Company insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. grew its holdings in LKQ by 14.6% during the 4th quarter. First Mercantile Trust Co. now owns 11,647 shares of the auto parts company’s stock worth $473,000 after acquiring an additional 1,487 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of LKQ by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 9,870 shares of the auto parts company’s stock worth $401,000 after buying an additional 1,551 shares during the last quarter. Norinchukin Bank The lifted its position in shares of LKQ by 7.5% during the 4th quarter. Norinchukin Bank The now owns 24,709 shares of the auto parts company’s stock worth $1,005,000 after buying an additional 1,721 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of LKQ by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 589,998 shares of the auto parts company’s stock worth $23,995,000 after buying an additional 1,955 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of LKQ by 1.1% during the 4th quarter. Royce & Associates LP now owns 229,338 shares of the auto parts company’s stock worth $9,327,000 after buying an additional 2,425 shares during the last quarter. Institutional investors own 93.85% of the company’s stock.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). LKQ had a return on equity of 14.84% and a net margin of 5.48%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm earned $0.35 EPS. The company’s revenue was up 14.9% on a year-over-year basis. research analysts expect that LKQ will post 2.35 EPS for the current fiscal year.
LKQ has been the subject of a number of research reports. BidaskClub cut shares of LKQ from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of LKQ from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, February 28th. Barrington Research restated a “buy” rating and issued a $45.00 price objective on shares of LKQ in a report on Monday, February 26th. B. Riley lifted their price objective on shares of LKQ from $41.00 to $48.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Northcoast Research upgraded shares of LKQ from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.78.
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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