OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in LKQ Corporation (NASDAQ:LKQ) by 37.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,856 shares of the auto parts company’s stock after buying an additional 4,356 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in LKQ Corporation were worth $464,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in LKQ. HighTower Advisors LLC raised its position 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 worth $2,335,000 after buying an additional 6,402 shares during the last quarter. Shelton Capital Management raised its position in shares of LKQ Corporation by 16.9% in the first quarter. Shelton Capital Management now owns 16,244 shares of the auto parts company’s stock worth $475,000 after buying an additional 2,347 shares during the last quarter. Paloma Partners Management Co raised its stake in shares of LKQ Corporation by 210.8% in the first quarter. Paloma Partners Management Co now owns 158,290 shares of the auto parts company’s stock worth $4,633,000 after buying an additional 107,359 shares in the last quarter. State Street Corp raised its stake in shares of LKQ Corporation by 1.7% in the first quarter. State Street Corp now owns 12,654,829 shares of the auto parts company’s stock worth $370,404,000 after buying an additional 212,428 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of LKQ Corporation during the first quarter worth $7,755,000. Institutional investors own 92.15% of the company’s stock.
LKQ Corporation (LKQ) opened at 33.20 on Tuesday. LKQ Corporation has a one year low of $27.85 and a one year high of $36.35. The company has a market cap of $10.24 billion, a P/E ratio of 21.13 and a beta of 0.84. The company has a 50-day moving average of $31.86 and a 200 day moving average of $31.08.
LKQ Corporation (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. LKQ Corporation had a net margin of 5.21% and a return on equity of 16.54%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts anticipate that LKQ Corporation will post $1.87 earnings per share for the current year.
LKQ has been the subject of a number of research reports. Zacks Investment Research upgraded shares of LKQ Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub lowered shares of LKQ Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. 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 note on Friday, April 28th. Stifel Nicolaus reissued a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $39.67.
In other news, SVP Justin L. Jude sold 20,000 shares of LKQ Corporation stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $32.01, for a total value of $640,200.00. Following the sale, the senior vice president now owns 86,285 shares in the company, valued at $2,761,982.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael S. Clark sold 5,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $31.42, for a total transaction of $157,100.00. Following the transaction, the vice president now owns 62,885 shares in the company, valued at $1,975,846.70. The disclosure for this sale can be found here. Insiders sold 56,024 shares of company stock valued at $1,733,446 in the last ninety days. 1.10% of the stock is owned by corporate 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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