Oakbrook Investments LLC reduced its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,390 shares of the auto parts company’s stock after selling 560 shares during the period. Oakbrook Investments LLC’s holdings in LKQ Corporation were worth $738,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of LKQ. KCG Holdings Inc. increased its stake in shares of LKQ Corporation by 307.5% in the first quarter. KCG Holdings Inc. now owns 67,370 shares of the auto parts company’s stock valued at $1,972,000 after buying an additional 50,837 shares in the last quarter. Capital Investment Services of America Inc. increased its stake in shares of LKQ Corporation by 2.9% in the first quarter. Capital Investment Services of America Inc. now owns 355,912 shares of the auto parts company’s stock valued at $10,418,000 after buying an additional 9,964 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of LKQ Corporation by 8.7% in the first quarter. HighTower Advisors LLC now owns 79,581 shares of the auto parts company’s stock valued at $2,335,000 after buying an additional 6,402 shares in the last quarter. Loews Corp increased its stake in shares of LKQ Corporation by 19.7% in the first quarter. Loews Corp now owns 365,000 shares of the auto parts company’s stock valued at $10,684,000 after buying an additional 60,000 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of LKQ Corporation by 124.8% in the first quarter. Point72 Asset Management L.P. now owns 512,000 shares of the auto parts company’s stock valued at $14,986,000 after buying an additional 284,200 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.
Shares of LKQ Corporation (LKQ) traded up 0.06% during midday trading on Friday, reaching $34.13. The company’s stock had a trading volume of 411,343 shares. The stock has a market capitalization of $10.54 billion, a PE ratio of 21.40 and a beta of 0.84. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $36.35. The stock has a 50-day moving average price of $32.76 and a 200 day moving average price of $31.28.
LKQ Corporation (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.41 billion. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. Equities analysts forecast that LKQ Corporation will post $1.88 earnings per share for the current year.
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LKQ has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 target price on shares of LKQ Corporation in a research report on Thursday, April 27th. FBR & Co reiterated an “outperform” rating and set a $41.00 target price (up from $40.00) on shares of LKQ Corporation in a research report on Friday, April 28th. Zacks Investment Research upgraded LKQ Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub downgraded LKQ Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $37.00 target price on shares of LKQ Corporation in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.33.
In other LKQ Corporation news, EVP John S. Quinn sold 8,230 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $33.15, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Victor M. Casini sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $33.40, for a total value of $835,000.00. Following the completion of 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. In the last three months, insiders have sold 58,230 shares of company stock valued at $1,905,125. Insiders own 1.10% of the company’s stock.
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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