Teachers Advisors LLC increased its position in shares of LKQ Corporation (NASDAQ:LKQ) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 378,951 shares of the auto parts company’s stock after buying an additional 2,270 shares during the period. Teachers Advisors LLC owned approximately 0.12% of LKQ Corporation worth $11,092,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of LKQ Corporation by 856.1% in the first quarter. Nordea Investment Management AB now owns 4,741,329 shares of the auto parts company’s stock worth $138,779,000 after buying an additional 4,245,408 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of LKQ Corporation by 411.3% in the first quarter. UBS Asset Management Americas Inc. now owns 3,701,758 shares of the auto parts company’s stock worth $108,350,000 after buying an additional 2,977,759 shares in the last quarter. CI Global Investments Inc. acquired a new position in shares of LKQ Corporation during the first quarter worth about $72,919,000. Check Capital Management Inc. CA acquired a new position in shares of LKQ Corporation during the first quarter worth about $27,678,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of LKQ Corporation by 266.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 544,500 shares of the auto parts company’s stock worth $15,938,000 after buying an additional 396,000 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.
Shares of LKQ Corporation (NASDAQ LKQ) opened at 34.15 on Thursday. The company’s 50 day moving average is $32.76 and its 200-day moving average is $31.28. LKQ Corporation has a 12 month low of $27.85 and a 12 month high of $36.35. The firm has a market cap of $10.54 billion, a PE ratio of 21.41 and a beta of 0.84.
LKQ Corporation (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. LKQ Corporation’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that LKQ Corporation will post $1.87 EPS for the current year.
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A number of brokerages have recently issued reports on LKQ. BidaskClub upgraded shares of LKQ Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Susquehanna Bancshares Inc restated a “positive” rating and issued a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a research note on Monday. Zacks Investment Research cut shares of LKQ Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Northcoast Research cut shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. LKQ Corporation has a consensus rating of “Buy” and an average target price of $39.33.
In related news, EVP John S. Quinn sold 8,230 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $33.15, for a total transaction of $272,824.50. Following the completion of the sale, the executive vice president now owns 254,726 shares of the company’s stock, valued at $8,444,166.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $33.40, for a total transaction of $835,000.00. Following the sale, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,143,725.60. The disclosure for this sale can be found here. Insiders have sold 58,230 shares of company stock valued at $1,905,125 in the last ninety days. 1.10% of the stock is currently owned by company insiders.
LKQ Corporation Company Profile
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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