The Kentucky Retirement Systems Buys Shares of 26,079 LKQ Corp. (LKQ)

The Kentucky Retirement Systems Buys Shares of 26,079 LKQ Corp. (LKQ)

Kentucky Retirement Systems acquired a new stake in shares of LKQ Corp. (NASDAQ:LKQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,079 shares of the company’s stock, valued at approximately $827,000.

Other institutional investors also recently made changes to their positions in the company. IBM Retirement Fund increased its stake in shares of LKQ Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 36,165 shares of the company’s stock valued at $1,197,000 after buying an additional 111 shares during the period. Montag & Caldwell LLC increased its stake in shares of LKQ Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 43,483 shares of the company’s stock valued at $1,378,000 after buying an additional 150 shares during the period. Panagora Asset Management Inc. increased its stake in shares of LKQ Corp. by 1.3% in the second quarter. Panagora Asset Management Inc. now owns 13,084 shares of the company’s stock valued at $415,000 after buying an additional 165 shares during the period. Gerstein Fisher increased its stake in shares of LKQ Corp. by 0.8% in the second quarter. Gerstein Fisher now owns 21,478 shares of the company’s stock valued at $681,000 after buying an additional 168 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of LKQ Corp. by 2.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,736 shares of the company’s stock valued at $221,000 after buying an additional 180 shares during the period. Institutional investors own 89.22% of the company’s stock.

Shares of LKQ Corp. (NASDAQ:LKQ) traded up 0.45% on Friday, reaching $33.44. 385,921 shares of the company’s stock traded hands. The firm has a market cap of $10.28 billion, a P/E ratio of 21.86 and a beta of 0.55. The company’s 50-day moving average price is $32.61 and its 200 day moving average price is $33.53. 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 quarterly earnings data on Thursday, October 27th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. LKQ Corp. had a net margin of 5.48% and a return on equity of 16.41%. The business earned $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue 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 fiscal year.

Several brokerages have issued reports on LKQ. Susquehanna began coverage on shares of LKQ Corp. in a research report on Thursday, August 25th. They set a “positive” rating and a $42.00 price objective for the company. Zacks Investment Research upgraded shares of LKQ Corp. from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, September 14th. Finally, FBR & Co restated an “outperform” rating and set a $40.00 price objective on shares of LKQ Corp. in a research report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.25.

LKQ Corp. Company Profile

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.

Related posts

Leave a Comment