SG Americas Securities LLC raised its stake in LKQ Co. (NASDAQ:LKQ) by 57.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,834 shares of the auto parts company’s stock after purchasing an additional 66,658 shares during the period. SG Americas Securities LLC owned 0.06% of LKQ worth $5,750,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of LKQ by 0.9% in the second quarter. Vanguard Group Inc. now owns 32,048,696 shares of the auto parts company’s stock valued at $852,816,000 after acquiring an additional 293,379 shares during the period. BlackRock Inc. boosted its holdings in shares of LKQ by 0.6% in the second quarter. BlackRock Inc. now owns 20,148,889 shares of the auto parts company’s stock valued at $536,161,000 after acquiring an additional 117,889 shares during the period. Invesco Ltd. boosted its holdings in shares of LKQ by 9.3% in the second quarter. Invesco Ltd. now owns 5,772,934 shares of the auto parts company’s stock valued at $153,618,000 after acquiring an additional 491,522 shares during the period. Southpoint Capital Advisors LP boosted its holdings in shares of LKQ by 1.0% in the second quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the auto parts company’s stock valued at $133,050,000 after acquiring an additional 50,000 shares during the period. Finally, New Mountain Vantage Advisers L.L.C. boosted its holdings in shares of LKQ by 81.8% in the second quarter. New Mountain Vantage Advisers L.L.C. now owns 4,704,201 shares of the auto parts company’s stock valued at $125,179,000 after acquiring an additional 2,117,077 shares during the period. Institutional investors own 91.16% of the company’s stock.
Shares of NASDAQ LKQ traded up $0.10 during mid-day trading on Friday, hitting $35.20. 1,899,200 shares of the company were exchanged, compared to its average volume of 2,661,045. The firm 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 stock has a 50 day simple moving average of $31.89 and a 200-day simple moving average of $28.23. LKQ Co. has a 1-year low of $22.74 and a 1-year high of $36.11. The company has a quick ratio of 0.93, a current ratio of 2.18 and a debt-to-equity ratio of 1.00.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Analysts anticipate that LKQ Co. will post 2.34 earnings per share for the current fiscal year.
In other LKQ news, Director Blythe J. Mcgarvie sold 13,692 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $35.62, for a total value of $487,709.04. Following the sale, the director now directly owns 20,993 shares of the company’s stock, valued at approximately $747,770.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by company insiders.
LKQ has been the subject of several research analyst reports. Wellington Shields downgraded LKQ from a “buy” rating to a “gradually accumulate” rating in a report on Thursday, July 25th. Barrington Research reissued a “buy” rating and issued a $42.50 price objective on shares of LKQ in a report on Monday, October 28th. Guggenheim set a $38.00 price objective on LKQ and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus set a $44.00 price target on LKQ and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine downgraded LKQ from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Two 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’s stock. LKQ currently has a consensus rating of “Hold” and an average price target of $38.44.
LKQ Company Profile
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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