Grandeur Peak Global Advisors LLC Acquires 111,425 Shares of LKQ Corporation (LKQ)

Grandeur Peak Global Advisors LLC raised its holdings in LKQ Corporation (NASDAQ:LKQ) by 353.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,925 shares of the auto parts company’s stock after buying an additional 111,425 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in LKQ Corporation were worth $4,709,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC grew its position in shares of LKQ Corporation by 15.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 40,827 shares of the auto parts company’s stock valued at $1,195,000 after acquiring an additional 5,526 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of LKQ Corporation by 3.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,796 shares of the auto parts company’s stock valued at $287,000 after acquiring an additional 358 shares during the period. Pacer Advisors Inc. grew its position in shares of LKQ Corporation by 3.5% in the 1st quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock valued at $158,000 after acquiring an additional 181 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of LKQ Corporation by 44.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 11,075 shares of the auto parts company’s stock valued at $323,000 after acquiring an additional 3,382 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of LKQ Corporation by 8.6% in the 1st quarter. Alliancebernstein L.P. now owns 573,561 shares of the auto parts company’s stock valued at $16,788,000 after acquiring an additional 45,220 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

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Shares of LKQ Corporation (LKQ) traded up 0.24% on Friday, hitting $36.88. 991,344 shares of the stock were exchanged. The stock’s 50-day moving average is $35.10 and its 200-day moving average is $32.45. LKQ Corporation has a 1-year low of $27.85 and a 1-year high of $36.99. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 23.12 and a beta of 0.85.

LKQ Corporation (NASDAQ:LKQ) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.41 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. Analysts forecast that LKQ Corporation will post $1.88 earnings per share for the current year.

In related news, Director Guhan Subramanian purchased 4,000 shares of LKQ Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $33.96 per share, for a total transaction of $135,840.00. Following the completion of the transaction, the director now owns 23,811 shares in the company, valued at $808,621.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A Clinton Allen sold 16,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $32.92, for a total transaction of $526,720.00. Following the transaction, the director now owns 196,083 shares of the company’s stock, valued at approximately $6,455,052.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,230 shares of company stock valued at $1,634,545. 1.10% of the stock is owned by company insiders.

LKQ has been the subject of a number of analyst reports. BidaskClub raised shares of LKQ Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.20.

About LKQ Corporation

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.

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Institutional Ownership by Quarter for LKQ Corporation (NASDAQ:LKQ)

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