Green Square Capital LLC increased its stake in LKQ Corporation (NASDAQ:LKQ) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,127 shares of the auto parts company’s stock after buying an additional 3,303 shares during the period. Green Square Capital LLC’s holdings in LKQ Corporation were worth $2,287,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of LKQ. Point72 Asset Management L.P. boosted its position in shares of LKQ Corporation by 124.8% in the first quarter. Point72 Asset Management L.P. now owns 512,000 shares of the auto parts company’s stock worth $14,986,000 after buying an additional 284,200 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its position in shares of LKQ Corporation by 32.1% in the first quarter. Grandeur Peak Global Advisors LLC now owns 31,500 shares of the auto parts company’s stock worth $922,000 after buying an additional 7,650 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of LKQ Corporation by 37.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,856 shares of the auto parts company’s stock worth $464,000 after buying an additional 4,356 shares during the period. HighTower Advisors LLC raised its stake 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 in the last quarter. Finally, Shelton Capital Management raised its stake 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 in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
LKQ Corporation (NASDAQ LKQ) traded up 1.83% during mid-day trading on Friday, reaching $34.53. The company’s stock had a trading volume of 2,471,551 shares. LKQ Corporation has a one year low of $27.85 and a one year high of $36.35. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 21.98 and a beta of 0.84. The stock has a 50-day moving average price of $32.55 and a 200-day moving average price of $31.22.
LKQ Corporation (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.41 billion. LKQ Corporation had a net margin of 5.21% and a return on equity of 16.54%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts forecast that LKQ Corporation will post $1.87 EPS for the current year.
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A number of brokerages have recently weighed in on LKQ. Zacks Investment Research lowered LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Northcoast Research lowered LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday. BidaskClub lowered LKQ Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and issued a $37.00 target price on shares of LKQ Corporation in a report on Thursday, July 6th. Finally, FBR & Co reissued an “outperform” rating and issued a $41.00 target price (up from $40.00) on shares of LKQ Corporation in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.67.
In other news, Director Robert M. Hanser sold 1,024 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $31.49, for a total transaction of $32,245.76. Following the completion of the transaction, the director now directly owns 3,552 shares of the company’s stock, valued at approximately $111,852.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $33.40, for a total transaction of $835,000.00. Following the transaction, the vice president now directly 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 59,254 shares of company stock valued at $1,937,370 over the last three months. 1.10% of the stock is currently owned by corporate 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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