BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in LKQ Co. (NASDAQ:LKQ) by 12.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,804 shares of the auto parts company’s stock after purchasing an additional 11,814 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in LKQ were worth $2,558,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Vanguard Group Inc grew its holdings in LKQ by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 30,855,717 shares of the auto parts company’s stock valued at $977,201,000 after buying an additional 810,901 shares in the last quarter. BlackRock Inc. grew its holdings in LKQ by 3.2% during the 4th quarter. BlackRock Inc. now owns 20,555,282 shares of the auto parts company’s stock valued at $487,777,000 after buying an additional 646,070 shares in the last quarter. Capital World Investors purchased a new stake in LKQ during the 3rd quarter valued at approximately $288,862,000. JPMorgan Chase & Co. grew its holdings in LKQ by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,938,421 shares of the auto parts company’s stock valued at $188,070,000 after buying an additional 181,633 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in LKQ by 26.5% during the 3rd quarter. Nordea Investment Management AB now owns 5,075,225 shares of the auto parts company’s stock valued at $160,732,000 after buying an additional 1,062,738 shares in the last quarter. Hedge funds and other institutional investors own 89.99% of the company’s stock.
A number of brokerages have issued reports on LKQ. Zacks Investment Research raised shares of LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine upgraded LKQ from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Barrington Research reiterated a “buy” rating on shares of LKQ in a research report on Tuesday, March 5th. Guggenheim upgraded LKQ from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, March 6th. Finally, BidaskClub downgraded LKQ from a “sell” rating to a “strong sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.00.
In related news, EVP John S. Quinn sold 6,861 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $27.63, for a total value of $189,569.43. Following the completion of the sale, the executive vice president now directly owns 241,563 shares in the company, valued at $6,674,385.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John S. Quinn sold 9,806 shares of the firm’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $26.56, for a total value of $260,447.36. Following the completion of the sale, the executive vice president now owns 253,578 shares of the company’s stock, valued at $6,735,031.68. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.
NASDAQ LKQ opened at $27.86 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.87. The company has a market cap of $8.77 billion, a PE ratio of 12.72, a PEG ratio of 0.86 and a beta of 1.27. LKQ Co. has a one year low of $22.74 and a one year high of $39.81.
LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, February 28th. The auto parts company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.02 billion. LKQ had a net margin of 4.04% and a return on equity of 14.59%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts expect that LKQ Co. will post 2.4 EPS for the current 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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