Corbyn Investment Management Inc. MD increased its position in LKQ Corporation (NASDAQ:LKQ) by 21.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,861 shares of the auto parts company’s stock after buying an additional 54,595 shares during the period. LKQ Corporation comprises approximately 3.1% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 12th largest position. Corbyn Investment Management Inc. MD owned about 0.10% of LKQ Corporation worth $10,045,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Israel Discount Bank of New York acquired a new position in LKQ Corporation during the first quarter worth about $102,000. Global X Management Co. LLC increased its position in LKQ Corporation by 29.3% in the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock worth $146,000 after buying an additional 1,129 shares during the last quarter. Pacer Advisors Inc. increased its position in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after buying an additional 181 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in LKQ Corporation during the first quarter worth about $210,000. Finally, Bell Bank increased its position in LKQ Corporation by 4.1% in the first quarter. Bell Bank now owns 7,220 shares of the auto parts company’s stock worth $211,000 after buying an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.
LKQ Corporation (NASDAQ:LKQ) traded up 0.21% on Friday, hitting $33.82. 1,200,259 shares of the stock were exchanged. The stock’s 50 day moving average price is $33.15 and its 200 day moving average price is $31.44. The firm has a market cap of $10.45 billion, a PE ratio of 21.20 and a beta of 0.84. LKQ Corporation has a 52-week low of $27.85 and a 52-week high of $36.35.
LKQ Corporation (NASDAQ:LKQ) last released its earnings results 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 return on equity of 15.74% and a net margin of 5.31%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts forecast that LKQ Corporation will post $1.88 earnings per share for the current year.
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A number of research firms recently issued reports on LKQ. BidaskClub raised shares of LKQ Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $40.00 price target (up previously from $38.00) on shares of LKQ Corporation in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 price target on shares of LKQ Corporation in a report on Wednesday. Northcoast Research downgraded shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of LKQ Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.33.
In other LKQ Corporation news, EVP John S. Quinn sold 8,230 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was 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 directly owns 254,726 shares in the company, valued at $8,444,166.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $835,000.00. Following the sale, the vice president now owns 213,884 shares of the company’s stock, valued at $7,143,725.60. The disclosure for this sale can be found here. Insiders have sold 58,230 shares of company stock worth $1,905,125 over the last quarter. 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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