Thompson Investment Management Inc. increased its position in LKQ Co. (NASDAQ:LKQ) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,520 shares of the auto parts company’s stock after acquiring an additional 9,095 shares during the quarter. LKQ comprises about 1.4% of Thompson Investment Management Inc.’s holdings, making the stock its 19th biggest holding. Thompson Investment Management Inc. owned 0.07% of LKQ worth $7,187,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its position in shares of LKQ by 3.8% in the third quarter. First Mercantile Trust Co. now owns 7,965 shares of the auto parts company’s stock valued at $250,000 after acquiring an additional 295 shares during the period. NEXT Financial Group Inc boosted its position in shares of LKQ by 20.7% in the third quarter. NEXT Financial Group Inc now owns 1,889 shares of the auto parts company’s stock valued at $59,000 after acquiring an additional 324 shares during the period. Investors Research Corp boosted its position in shares of LKQ by 33.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 400 shares during the period. Legacy Capital Partners Inc. boosted its position in shares of LKQ by 4.8% in the third quarter. Legacy Capital Partners Inc. now owns 9,117 shares of the auto parts company’s stock valued at $287,000 after acquiring an additional 420 shares during the period. Finally, Fulton Bank N.A. lifted its position in LKQ by 1.1% during the third quarter. Fulton Bank N.A. now owns 38,322 shares of the auto parts company’s stock valued at $1,205,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $44.00 target price on shares of LKQ and gave the company a “buy” rating in a research report on Friday, November 1st. SunTrust Banks lifted their target price on shares of LKQ to $40.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barrington Research reiterated a “buy” rating and set a $42.50 target price on shares of LKQ in a research report on Monday, October 28th. Jefferies Financial Group lifted their target price on shares of LKQ from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James lowered shares of LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.44.
In other LKQ news, Director Blythe J. Mcgarvie sold 13,692 shares of LKQ stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $35.62, for a total transaction of $487,709.04. Following the transaction, the director now directly owns 20,993 shares of the company’s stock, valued at $747,770.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.
LKQ stock traded up $0.10 during mid-day trading on Friday, hitting $35.20. 1,899,200 shares of the company traded hands, compared to its average volume of 2,661,045. LKQ Co. has a one year low of $22.74 and a one year high of $36.11. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.32. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 2.18. The stock has a fifty day moving average price of $31.83 and a 200-day moving average price of $28.21.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.14 billion. LKQ had a net margin of 3.50% and a return on equity of 14.79%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. Sell-side analysts predict that LKQ Co. will post 2.34 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. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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