UBS Asset Management Americas Inc. reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,749,821 shares of the auto parts company’s stock after selling 2,392,851 shares during the quarter. UBS Asset Management Americas Inc. owned 1.23% of LKQ worth $132,144,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. James Hambro & Partners acquired a new stake in shares of LKQ in the 4th quarter worth approximately $304,000. Engineers Gate Manager LP lifted its position in LKQ by 45.2% in the fourth quarter. Engineers Gate Manager LP now owns 72,065 shares of the auto parts company’s stock worth $2,540,000 after purchasing an additional 22,419 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in LKQ during the 4th quarter valued at $277,000. AQR Capital Management LLC increased its position in shares of LKQ by 103.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,519,638 shares of the auto parts company’s stock valued at $69,870,000 after purchasing an additional 1,283,097 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of LKQ by 24.8% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 48,489 shares of the auto parts company’s stock worth $1,707,000 after buying an additional 9,650 shares in the last quarter. 90.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on LKQ shares. Barrington Research reaffirmed a “buy” rating on shares of LKQ in a report on Tuesday, February 23rd. Zacks Investment Research cut shares of LKQ from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a research note on Tuesday, December 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. LKQ presently has an average rating of “Buy” and an average price target of $40.71.
LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Wednesday, February 17th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.10. LKQ had a net margin of 5.12% and a return on equity of 14.23%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. Research analysts forecast that LKQ Co. will post 2.43 EPS 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. It operates through 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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