US Bancorp DE cut its position in shares of LKQ Corp. (NASDAQ:LKQ) by 20.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,440 shares of the company’s stock after selling 118,731 shares during the period. US Bancorp DE owned about 0.15% of LKQ Corp. worth $16,292,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kalmar Investments Inc. DE increased its stake in LKQ Corp. by 5.2% in the second quarter. Kalmar Investments Inc. DE now owns 1,271,874 shares of the company’s stock worth $40,318,000 after buying an additional 63,061 shares during the period. GW&K Investment Management LLC increased its stake in LKQ Corp. by 16.5% in the second quarter. GW&K Investment Management LLC now owns 377,741 shares of the company’s stock worth $11,974,000 after buying an additional 53,545 shares during the period. Ballentine Partners LLC acquired a new stake in LKQ Corp. during the second quarter worth $11,241,000. Strs Ohio increased its stake in LKQ Corp. by 0.9% in the second quarter. Strs Ohio now owns 1,339,403 shares of the company’s stock worth $42,459,000 after buying an additional 11,868 shares during the period. Finally, Ngam Advisors L.P. increased its stake in LKQ Corp. by 38.8% in the second quarter. Ngam Advisors L.P. now owns 933,259 shares of the company’s stock worth $29,584,000 after buying an additional 260,917 shares during the period. 89.22% of the stock is currently owned by institutional investors and hedge funds.
LKQ Corp. (NASDAQ:LKQ) traded up 0.30% during trading on Friday, reaching $33.39. The company had a trading volume of 147,799 shares. LKQ Corp. has a 52-week low of $23.95 and a 52-week high of $36.35. The company has a 50-day moving average price of $32.64 and a 200 day moving average price of $33.53. The stock has a market cap of $10.27 billion, a PE ratio of 21.82 and a beta of 0.55.
LKQ Corp. (NASDAQ:LKQ) last posted its earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. LKQ Corp. had a return on equity of 16.41% and a net margin of 5.48%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm earned $0.36 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, analysts anticipate that LKQ Corp. will post $1.81 earnings per share for the current year.
A number of analysts have commented on LKQ shares. Zacks Investment Research upgraded LKQ Corp. from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research report on Tuesday, August 2nd. Susquehanna initiated coverage on LKQ Corp. in a research report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price objective on the stock. Finally, FBR & Co restated an “outperform” rating and issued a $40.00 price objective on shares of LKQ Corp. in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. LKQ Corp. presently has an average rating of “Buy” and an average price target of $38.25.
About LKQ Corp.