Foresters Investment Management Company Inc. grew its position in LKQ Co. (NASDAQ:LKQ) by 43.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,650 shares of the auto parts company’s stock after acquiring an additional 95,650 shares during the quarter. Foresters Investment Management Company Inc. owned approximately 0.10% of LKQ worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of LKQ. Capital World Investors bought a new stake in shares of LKQ in the 3rd quarter valued at approximately $288,862,000. FMR LLC increased its holdings in shares of LKQ by 157.2% in the 3rd quarter. FMR LLC now owns 5,072,636 shares of the auto parts company’s stock valued at $160,650,000 after acquiring an additional 3,100,431 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of LKQ in the 4th quarter valued at approximately $36,727,000. Partner Fund Management L.P. bought a new stake in shares of LKQ in the 3rd quarter valued at approximately $43,719,000. Finally, Federated Investors Inc. PA increased its holdings in shares of LKQ by 23,501.9% in the 3rd quarter. Federated Investors Inc. PA now owns 1,384,250 shares of the auto parts company’s stock valued at $43,839,000 after acquiring an additional 1,378,385 shares during the last quarter. Institutional investors and hedge funds own 89.99% of the company’s stock.
NASDAQ:LKQ opened at $27.88 on Friday. LKQ Co. has a 12-month low of $22.74 and a 12-month high of $39.81. The company has a market cap of $8.46 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.86 and a beta of 1.27. The company has a quick ratio of 1.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.87.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 28th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). LKQ had a net margin of 4.04% and a return on equity of 14.59%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Equities analysts expect that LKQ Co. will post 2.4 EPS for the current fiscal year.
In other LKQ news, EVP John S. Quinn sold 9,806 shares of the business’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $26.56, for a total transaction of $260,447.36. Following the completion of the transaction, the executive vice president now owns 253,578 shares in the company, valued at approximately $6,735,031.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Quinn sold 6,861 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $27.63, for a total value of $189,569.43. Following the transaction, the executive vice president now owns 241,563 shares of the company’s stock, valued at approximately $6,674,385.69. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
A number of research firms recently issued reports on LKQ. BidaskClub lowered LKQ from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. William Blair lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, January 18th. Zacks Investment Research lowered LKQ from a “hold” rating to a “sell” rating in a research report on Monday, November 19th. Barrington Research restated a “buy” rating on shares of LKQ in a research report on Friday, December 14th. Finally, ValuEngine upgraded LKQ from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. LKQ has a consensus rating of “Hold” and an average price target of $38.00.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
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