Tectonic Advisors LLC Acquires 35,493 Shares of LKQ Co. (NASDAQ:LKQ)

Tectonic Advisors LLC increased its position in LKQ Co. (NASDAQ:LKQ) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,057 shares of the auto parts company’s stock after purchasing an additional 35,493 shares during the quarter. LKQ makes up 0.7% of Tectonic Advisors LLC’s holdings, making the stock its 23rd largest position. Tectonic Advisors LLC owned about 0.10% of LKQ worth $10,262,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LKQ. Vanguard Group Inc. lifted its stake in LKQ by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after purchasing an additional 656,883 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after purchasing an additional 875,420 shares during the period. Boston Partners grew its holdings in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the period. Nordea Investment Management AB grew its holdings in shares of LKQ by 1.4% during the first quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock valued at $396,461,000 after buying an additional 103,659 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after purchasing an additional 253,639 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LKQ. Robert W. Baird lowered their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, LKQ has an average rating of “Moderate Buy” and an average target price of $58.00.

Insider Transactions at LKQ

In other LKQ news, SVP Matthew J. Mckay acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of $39.75 per share, with a total value of $99,375.00. Following the transaction, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.

LKQ Trading Down 0.3 %

NASDAQ LKQ opened at $37.67 on Friday. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The company’s 50-day moving average price is $40.07 and its 200-day moving average price is $42.08. The stock has a market cap of $10.05 billion, a PE ratio of 12.23 and a beta of 1.28. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the business earned $1.09 EPS. LKQ’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts forecast that LKQ Co. will post 3.55 earnings per share for the current year.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.