Trading Report: Today, Arizona State Retirement System Raises Stake in LKQ Corp. (LKQ)

Today, Arizona State Retirement System Raises Stake in LKQ Corp. (LKQ)

Arizona State Retirement System increased its stake in LKQ Corp. (NASDAQ:LKQ) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,600 shares of the company’s stock after buying an additional 400 shares during the period. Arizona State Retirement System’s holdings in LKQ Corp. were worth $2,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LKQ. IBM Retirement Fund increased its stake in LKQ Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 36,165 shares of the company’s stock worth $1,197,000 after buying an additional 111 shares in the last quarter. Montag & Caldwell LLC increased its stake in LKQ Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 43,483 shares of the company’s stock worth $1,378,000 after buying an additional 150 shares in the last quarter. Panagora Asset Management Inc. increased its stake in LKQ Corp. by 1.3% in the second quarter. Panagora Asset Management Inc. now owns 13,084 shares of the company’s stock worth $415,000 after buying an additional 165 shares in the last quarter. Gerstein Fisher increased its stake in LKQ Corp. by 0.8% in the second quarter. Gerstein Fisher now owns 21,478 shares of the company’s stock worth $681,000 after buying an additional 168 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in LKQ Corp. by 1.6% in the third quarter. Independent Portfolio Consultants Inc. now owns 10,990 shares of the company’s stock worth $390,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.

Shares of LKQ Corp. (NASDAQ:LKQ) opened at 33.44 on Friday. LKQ Corp. has a one year low of $23.95 and a one year high of $36.35. The stock’s 50 day moving average is $32.61 and its 200-day moving average is $33.53. The stock has a market cap of $10.28 billion, a P/E ratio of 21.86 and a beta of 0.55.

LKQ Corp. (NASDAQ:LKQ) last released its earnings results on Thursday, October 27th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. LKQ Corp. had a return on equity of 16.41% and a net margin of 5.48%. The business earned $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities analysts forecast that LKQ Corp. will post $1.81 EPS for the current year.

Several analysts recently commented on LKQ shares. FBR & Co set a $40.00 price objective on shares of LKQ Corp. and gave the company a “buy” rating in a research report on Sunday, October 30th. Zacks Investment Research downgraded shares of LKQ Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Susquehanna set a $42.00 price objective on shares of LKQ Corp. and gave the company a “buy” rating in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $38.25.

About LKQ Corp.

LKQ Corporation (LKQ) is a global 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. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.

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