The Shell Asset Management Co. Acquires 4,887 Shares of LKQ Corp. (LKQ)

The Shell Asset Management Co. Acquires 4,887 Shares of LKQ Corp. (LKQ)

Shell Asset Management Co. raised its position in shares of LKQ Corp. (NASDAQ:LKQ) by 30.1% during the second quarter, Holdings Channel reports. The institutional investor owned 21,118 shares of the company’s stock after buying an additional 4,887 shares during the period. Shell Asset Management Co.’s holdings in LKQ Corp. were worth $669,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LKQ. Douglass Winthrop Advisors LLC purchased a new stake in shares of LKQ Corp. during the second quarter worth $206,000. Shufro Rose & Co. LLC purchased a new stake in shares of LKQ Corp. during the first quarter worth $335,000. Boothbay Fund Management LLC purchased a new stake in shares of LKQ Corp. during the first quarter worth $392,000. Eqis Capital Management Inc. boosted its stake in shares of LKQ Corp. by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 12,425 shares of the company’s stock worth $394,000 after buying an additional 817 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of LKQ Corp. during the first quarter worth $399,000. Institutional investors own 89.92% of the company’s stock.

LKQ Corp. (NASDAQ:LKQ) traded down 0.12% on Friday, hitting $33.20. The stock had a trading volume of 2,151,445 shares. The company’s 50-day moving average is $35.38 and its 200-day moving average is $33.45. The stock has a market cap of $10.20 billion, a P/E ratio of 22.90 and a beta of 0.72. LKQ Corp. has a one year low of $23.95 and a one year high of $36.35.

LKQ Corp. (NASDAQ:LKQ) last issued its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. The business’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on LKQ. Robert W. Baird reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of LKQ Corp. in a research note on Tuesday, June 28th. Zacks Investment Research cut LKQ Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Susquehanna set a $42.00 target price on LKQ Corp. and gave the stock a “buy” rating in a research note on Wednesday. Finally, FBR & Co reissued an “outperform” rating and set a $40.00 target price on shares of LKQ Corp. in a research note on Wednesday. Ten investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $38.25.

In related news, EVP John S. Quinn sold 13,085 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $33.11, for a total value of $433,244.35. Following the transaction, the executive vice president now directly owns 273,272 shares of the company’s stock, valued at approximately $9,048,035.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert L. Wagman sold 1,502 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $34.51, for a total value of $51,834.02. Following the completion of the transaction, the chief executive officer now directly owns 358,654 shares in the company, valued at $12,377,149.54. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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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