Marshall Wace LLP purchased a new stake in LKQ Co. (NASDAQ:LKQ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 44,802 shares of the auto parts company’s stock, valued at approximately $1,429,000.
A number of other large investors also recently added to or reduced their stakes in LKQ. Vident Investment Advisory LLC purchased a new position in LKQ during the second quarter valued at $440,000. Cynosure Advisors LLC lifted its position in LKQ by 35.4% during the second quarter. Cynosure Advisors LLC now owns 15,660 shares of the auto parts company’s stock valued at $500,000 after buying an additional 4,095 shares during the period. Hilltop Holdings Inc. purchased a new position in LKQ during the second quarter valued at $275,000. Signaturefd LLC lifted its position in LKQ by 69,401.4% during the second quarter. Signaturefd LLC now owns 195,994 shares of the auto parts company’s stock valued at $6,252,000 after buying an additional 195,712 shares during the period. Finally, Macquarie Group Ltd. lifted its position in LKQ by 119.2% during the second quarter. Macquarie Group Ltd. now owns 5,700 shares of the auto parts company’s stock valued at $182,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 89.47% of the company’s stock.
In related news, EVP John S. Quinn sold 8,019 shares of LKQ stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total value of $268,716.69. Following the completion of the sale, the executive vice president now directly owns 265,014 shares in the company, valued at approximately $8,880,619.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by company insiders.
LKQ has been the subject of several recent research reports. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, August 7th. Barrington Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of LKQ in a research report on Thursday, July 26th. BidaskClub raised LKQ from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Raymond James lowered their price target on LKQ from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a research report on Sunday, July 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.00.
Shares of LKQ traded up $0.21 during trading hours on Friday, hitting $28.53. The company had a trading volume of 3,285,355 shares, compared to its average volume of 2,258,822. LKQ Co. has a 52-week low of $28.17 and a 52-week high of $43.86. The firm has a market cap of $10.07 billion, a PE ratio of 15.18, a P/E/G ratio of 0.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 1.05.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. LKQ had a return on equity of 14.41% and a net margin of 5.21%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the company earned $0.53 EPS. LKQ’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, sell-side analysts anticipate that LKQ Co. will post 2.29 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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