Advisory Services Network LLC Acquires Shares of 19,000 LKQ Corporation (LKQ)

Advisory Services Network LLC acquired a new position in shares of LKQ Corporation (NASDAQ:LKQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,000 shares of the auto parts company’s stock, valued at approximately $626,000.

Other large investors have also recently made changes to their positions in the company. KCG Holdings Inc. grew its holdings in shares of LKQ Corporation by 307.5% during the 1st quarter. KCG Holdings Inc. now owns 67,370 shares of the auto parts company’s stock worth $1,972,000 after purchasing an additional 50,837 shares in the last quarter. Oak Ridge Investments LLC grew its holdings in shares of LKQ Corporation by 8.3% during the 2nd quarter. Oak Ridge Investments LLC now owns 1,021,262 shares of the auto parts company’s stock worth $33,651,000 after purchasing an additional 77,859 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of LKQ Corporation by 8.7% during the 1st quarter. HighTower Advisors LLC now owns 79,581 shares of the auto parts company’s stock worth $2,335,000 after purchasing an additional 6,402 shares in the last quarter. Corbyn Investment Management Inc. MD grew its holdings in shares of LKQ Corporation by 21.8% during the 2nd quarter. Corbyn Investment Management Inc. MD now owns 304,861 shares of the auto parts company’s stock worth $10,045,000 after purchasing an additional 54,595 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of LKQ Corporation by 124.8% during the 1st quarter. Point72 Asset Management L.P. now owns 512,000 shares of the auto parts company’s stock worth $14,986,000 after purchasing an additional 284,200 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

In other LKQ Corporation news, Director Guhan Subramanian acquired 4,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of $33.96 per share, for a total transaction of $135,840.00. Following the completion of the purchase, the director now directly owns 23,811 shares of the company’s stock, valued at $808,621.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $33.40, for a total value of $835,000.00. Following the completion of the sale, the vice president now owns 213,884 shares in the company, valued at approximately $7,143,725.60. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

LKQ Corporation (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.41 billion. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share.

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LKQ has been the topic of several recent research reports. BidaskClub lowered LKQ Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Zacks Investment Research lowered LKQ Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Northcoast Research lowered LKQ Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a report on Thursday, July 6th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target 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.

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

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