Mitsubishi UFJ Trust & Banking Corp Sells 4,864 Shares of LKQ Co. (LKQ)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 605,707 shares of the auto parts company’s stock after selling 4,864 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of LKQ worth $21,799,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in LKQ. Oak Ridge Investments LLC grew its stake in LKQ by 8.3% during the second quarter. Oak Ridge Investments LLC now owns 1,021,262 shares of the auto parts company’s stock worth $33,651,000 after buying an additional 77,859 shares in the last quarter. Fairpointe Capital LLC grew its stake in LKQ by 9.0% during the second quarter. Fairpointe Capital LLC now owns 3,199,715 shares of the auto parts company’s stock worth $105,430,000 after buying an additional 264,587 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its stake in LKQ by 353.7% during the second quarter. Grandeur Peak Global Advisors LLC now owns 142,925 shares of the auto parts company’s stock worth $4,709,000 after buying an additional 111,425 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in LKQ by 110.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,606 shares of the auto parts company’s stock worth $679,000 after buying an additional 10,810 shares in the last quarter. Finally, Norris Perne & French LLP MI grew its stake in LKQ by 3.7% during the third quarter. Norris Perne & French LLP MI now owns 305,470 shares of the auto parts company’s stock worth $10,994,000 after buying an additional 10,951 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of LKQ Co. (NASDAQ:LKQ) opened at $39.75 on Friday. LKQ Co. has a one year low of $27.85 and a one year high of $39.94. The company has a quick ratio of 1.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.75. The firm has a market cap of $12,151.62, a P/E ratio of 21.60, a PEG ratio of 1.16 and a beta of 0.97.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts anticipate that LKQ Co. will post 1.89 earnings per share for the current year.

In other news, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $36.82, for a total value of $920,500.00. Following the sale, the vice president now directly owns 213,884 shares in the company, valued at approximately $7,875,208.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

A number of brokerages have issued reports on LKQ. Jefferies Group increased their price objective on shares of LKQ from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of LKQ from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Robert W. Baird reiterated a “buy” rating and set a $42.00 price objective on shares of LKQ in a research note on Friday, October 27th. B. Riley reiterated a “buy” rating on shares of LKQ in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “buy” rating and set a $41.00 price objective on shares of LKQ in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.67.

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LKQ 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.

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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