Oakbrook Investments LLC lowered its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 2.4% during the second quarter, according to its most recent filing with the SEC. The fund 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 quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Israel Discount Bank of New York acquired a new stake in LKQ Corporation during the first quarter worth $102,000. Global X Management Co. LLC boosted its stake 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. boosted its stake 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 stake in LKQ Corporation during the first quarter worth $210,000. Finally, Bell Bank boosted its stake 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. 92.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of LKQ Corporation (LKQ) traded down 0.12% during mid-day trading on Friday, reaching $34.05. The company’s stock had a trading volume of 1,364,496 shares. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $36.35. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 21.35 and a beta of 0.84. The company’s 50-day moving average is $33.38 and its 200-day moving average is $31.52.
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 the 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. LKQ Corporation’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts predict that LKQ Corporation will post $1.88 EPS for the current year.
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A number of research firms have recently weighed in on LKQ. BidaskClub raised LKQ Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research report on Wednesday, August 9th. Northcoast Research cut LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment 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 stock has an average rating of “Buy” and an average price target of $39.33.
In other news, VP Michael S. Clark sold 5,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $31.42, for a total transaction of $157,100.00. Following the completion of the sale, the vice president now owns 62,885 shares in the company, valued at $1,975,846.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Justin L. Jude sold 20,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $32.01, for a total transaction of $640,200.00. Following the sale, the senior vice president now owns 86,285 shares of the company’s stock, valued at approximately $2,761,982.85. The disclosure for this sale can be found here. Insiders sold 58,230 shares of company stock valued at $1,905,125 in the last 90 days. 1.10% of the stock is currently owned by insiders.
About LKQ Corporation
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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