Trillium Asset Management LLC increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 184.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 208,551 shares of the auto parts company’s stock after purchasing an additional 135,196 shares during the period. Trillium Asset Management LLC’s holdings in LKQ were worth $5,919,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in LKQ. Lunia Capital LP boosted its position in shares of LKQ by 2,163.3% during the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after buying an additional 15,577,728 shares during the period. Norges Bank bought a new position in shares of LKQ during the 4th quarter worth about $197,821,000. FMR LLC lifted its holdings in shares of LKQ by 97.1% during the 4th quarter. FMR LLC now owns 9,999,391 shares of the auto parts company’s stock worth $237,286,000 after acquiring an additional 4,926,755 shares during the period. Nordea Investment Management AB lifted its holdings in shares of LKQ by 39.5% during the 4th quarter. Nordea Investment Management AB now owns 7,079,682 shares of the auto parts company’s stock worth $168,001,000 after acquiring an additional 2,004,457 shares during the period. Finally, River Road Asset Management LLC bought a new position in shares of LKQ during the 4th quarter worth about $36,727,000. Hedge funds and other institutional investors own 90.70% of the company’s stock.
Several analysts have issued reports on the stock. TheStreet lowered shares of LKQ from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. BidaskClub downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. ValuEngine downgraded shares of LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Raymond James set a $33.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Barrington Research set a $43.00 price objective on LKQ and gave the company a “buy” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.20.
In other LKQ news, Director Robert M. Hanser sold 1,131 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total transaction of $31,588.83. Following the transaction, the director now directly owns 13,923 shares in the company, valued at approximately $388,869.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John S. Quinn sold 6,861 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were 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 in the company, valued at $6,674,385.69. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.
NASDAQ:LKQ traded up $0.32 during trading hours on Thursday, hitting $27.40. 95,233 shares of the company traded hands, compared to its average volume of 2,870,979. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. LKQ Co. has a one year low of $22.74 and a one year high of $36.10. The stock has a market cap of $8.41 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business earned $0.55 EPS. The business’s revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts forecast that LKQ Co. will post 2.38 earnings per share for the current fiscal year.
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LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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