Gradient Investments LLC raised its position in shares of LKQ Co. (NASDAQ:LKQ) by 30.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,678 shares of the auto parts company’s stock after purchasing an additional 8,161 shares during the period. Gradient Investments LLC’s holdings in LKQ were worth $1,098,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in shares of LKQ by 92.1% in the 1st quarter. Federated Investors Inc. PA now owns 10,570 shares of the auto parts company’s stock valued at $401,000 after acquiring an additional 5,069 shares in the last quarter. Stifel Financial Corp raised its stake in shares of LKQ by 6.6% in the 1st quarter. Stifel Financial Corp now owns 112,278 shares of the auto parts company’s stock valued at $4,276,000 after acquiring an additional 6,991 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of LKQ by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 776,295 shares of the auto parts company’s stock valued at $29,460,000 after acquiring an additional 41,002 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of LKQ by 7.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 46,005 shares of the auto parts company’s stock valued at $1,746,000 after acquiring an additional 3,116 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of LKQ by 36.6% in the 1st quarter. Profund Advisors LLC now owns 10,696 shares of the auto parts company’s stock valued at $406,000 after acquiring an additional 2,865 shares in the last quarter. 89.47% of the stock is owned by institutional investors.
In other LKQ news, EVP John S. Quinn sold 8,019 shares of LKQ stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total value of $268,716.69. Following the transaction, the executive vice president now directly owns 265,014 shares of the company’s stock, valued at approximately $8,880,619.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.
LKQ has been the topic of a number of recent analyst reports. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, August 7th. BidaskClub raised LKQ from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, Barrington Research reissued a “buy” rating and issued a $45.00 price objective on shares of LKQ in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.00.
Shares of NASDAQ LKQ opened at $28.53 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20. LKQ Co. has a 12 month low of $28.17 and a 12 month high of $43.86.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.89 billion. LKQ had a return on equity of 14.41% and a net margin of 5.21%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. On average, research analysts forecast that LKQ Co. will post 2.29 earnings per share for the current fiscal year.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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.
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