Montag A & Associates Inc. lessened its position in LKQ Co. (NASDAQ:LKQ) by 42.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,400 shares of the auto parts company’s stock after selling 44,555 shares during the period. Montag A & Associates Inc.’s holdings in LKQ were worth $1,743,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Lunia Capital LP boosted its holdings in shares of LKQ by 2,163.3% during the 4th quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after buying an additional 15,577,728 shares during the period. Norges Bank bought a new stake in shares of LKQ during the 4th quarter worth about $197,821,000. FMR LLC boosted its holdings in shares of LKQ by 97.1% during the 4th quarter. FMR LLC now owns 9,999,391 shares of the auto parts company’s stock worth $237,286,000 after buying an additional 4,926,755 shares during the period. Nordea Investment Management AB boosted its holdings in shares of LKQ by 39.5% during the 4th quarter. Nordea Investment Management AB now owns 7,079,682 shares of the auto parts company’s stock worth $168,001,000 after buying an additional 2,004,457 shares during the period. Finally, River Road Asset Management LLC bought a new stake in shares of LKQ during the 4th quarter worth about $36,727,000. 88.73% of the stock is owned by institutional investors.
Several analysts have weighed in on LKQ shares. Zacks Investment Research upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. ValuEngine upgraded shares of LKQ from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Guggenheim upgraded shares of LKQ from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, March 6th. Barrington Research reiterated a “buy” rating on shares of LKQ in a research note on Tuesday, March 5th. Finally, TheStreet upgraded shares of LKQ from a “c” rating to a “b-” rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.20.
In related news, EVP John S. Quinn sold 6,861 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.63, for a total transaction of $189,569.43. Following the completion of the transaction, the executive vice president now directly owns 241,563 shares in the company, valued at approximately $6,674,385.69. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert M. Hanser sold 1,131 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total transaction of $31,588.83. Following the transaction, the director now owns 13,923 shares of the company’s stock, valued at $388,869.39. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.
Shares of NASDAQ:LKQ traded down $0.27 during midday trading on Wednesday, hitting $26.05. The stock had a trading volume of 1,517,462 shares, compared to its average volume of 2,856,420. The stock has a market capitalization of $8.18 billion, a PE ratio of 11.89, a PEG ratio of 0.86 and a beta of 1.29. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. LKQ Co. has a fifty-two week low of $22.74 and a fifty-two week high of $36.10.
LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 25th. The auto parts company reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a net margin of 3.47% and a return on equity of 14.39%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. On average, research analysts predict that LKQ Co. will post 2.39 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 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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