LKQ Co. (LKQ) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC trimmed its stake in LKQ Co. (NASDAQ:LKQ) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,600 shares of the auto parts company’s stock after selling 2,000 shares during the period. Marco Investment Management LLC’s holdings in LKQ were worth $1,204,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LKQ. Janus Henderson Group PLC increased its stake in LKQ by 106.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock worth $90,264,000 after buying an additional 1,294,439 shares during the period. Goldman Sachs Group Inc. increased its stake in LKQ by 39.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock worth $183,550,000 after buying an additional 1,283,674 shares during the period. CI Global Investments Inc. increased its stake in LKQ by 49.7% during the 4th quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock worth $154,263,000 after buying an additional 1,259,782 shares during the period. Millennium Management LLC increased its stake in LKQ by 1,557.6% during the 4th quarter. Millennium Management LLC now owns 1,281,123 shares of the auto parts company’s stock worth $52,103,000 after buying an additional 1,203,833 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in LKQ by 32.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,113,705 shares of the auto parts company’s stock worth $126,634,000 after buying an additional 760,466 shares during the period. 93.85% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of LKQ from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of LKQ from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, February 28th. Barrington Research reaffirmed a “buy” rating and set a $45.00 target price on shares of LKQ in a research note on Monday, February 26th. B. Riley upped their target price on shares of LKQ from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Northcoast Research raised shares of LKQ from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.78.

LKQ Co. (LKQ) opened at $39.25 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 1.09 and a debt-to-equity ratio of 0.78. LKQ Co. has a twelve month low of $27.85 and a twelve month high of $43.86. The company has a market cap of $12,245.49, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). LKQ had a net margin of 5.48% and a return on equity of 14.84%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. equities analysts forecast that LKQ Co. will post 2.34 earnings per share for the current fiscal year.

In other news, EVP John S. Quinn sold 7,501 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total value of $298,239.76. Following the completion of the transaction, the executive vice president now owns 270,218 shares in the company, valued at approximately $10,743,867.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John S. Quinn sold 10,301 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total transaction of $445,415.24. Following the completion of the transaction, the executive vice president now owns 296,765 shares of the company’s stock, valued at approximately $12,832,118.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,802 shares of company stock valued at $1,807,405. Company insiders own 1.10% of the company’s stock.

TRADEMARK VIOLATION WARNING: “LKQ Co. (LKQ) Shares Sold by Marco Investment Management LLC” was first reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thestockobserver.com/2018/03/20/lkq-co-lkq-shares-sold-by-marco-investment-management-llc.html.

LKQ 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.

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQ).

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply