Schroder Investment Management Group trimmed its position in LKQ Corporation (NASDAQ:LKQ) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 289,331 shares of the auto parts company’s stock after selling 7,802 shares during the period. Schroder Investment Management Group owned 0.09% of LKQ Corporation worth $9,447,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Profund Advisors LLC grew its stake in shares of LKQ Corporation by 0.3% in the first quarter. Profund Advisors LLC now owns 7,384 shares of the auto parts company’s stock worth $216,000 after acquiring an additional 22 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of LKQ Corporation by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 9,959 shares of the auto parts company’s stock worth $291,000 after acquiring an additional 377 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of LKQ Corporation by 68.1% in the first quarter. Canada Pension Plan Investment Board now owns 76,992 shares of the auto parts company’s stock worth $2,254,000 after acquiring an additional 31,200 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of LKQ Corporation in the first quarter worth $224,000. Finally, UBS Asset Management Americas Inc. grew its stake 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 acquiring an additional 2,977,759 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on LKQ shares. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 target price on shares of LKQ Corporation in a research note on Wednesday, August 9th. BidaskClub raised LKQ Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $37.00 target price on shares of LKQ Corporation in a research note on Thursday, July 6th. Northcoast Research cut LKQ Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $40.00 target price (up from $38.00) on shares of LKQ Corporation in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.20.
Shares of LKQ Corporation (LKQ) opened at 35.35 on Friday. The stock has a 50 day moving average price of $34.46 and a 200-day moving average price of $31.93. The stock has a market capitalization of $10.92 billion, a PE ratio of 22.16 and a beta of 0.83. LKQ Corporation has a 1-year low of $27.85 and a 1-year high of $35.98.
LKQ Corporation (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $0.55 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that LKQ Corporation will post $1.88 earnings per share for the current year.
In other news, VP Victor M. Casini sold 25,000 shares of LKQ Corporation stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $33.40, for a total value of $835,000.00. Following the transaction, the vice president now directly owns 213,884 shares in the company, valued at approximately $7,143,725.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Quinn sold 8,230 shares of LKQ Corporation stock in a transaction on Monday, July 17th. The shares were sold at an average price of $33.15, for a total value of $272,824.50. Following the completion of the transaction, the executive vice president now owns 254,726 shares in the company, valued at $8,444,166.90. The disclosure for this sale can be found here. Insiders sold a total of 49,230 shares of company stock worth $1,634,545 over the last quarter. Company insiders own 1.10% of the company’s stock.
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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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