Psagot Investment House Ltd. purchased a new stake in LKQ Co. (NASDAQ:LKQ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,225 shares of the auto parts company’s stock, valued at approximately $352,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Investors Research Corp lifted its stake in shares of LKQ by 33.3% in the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 400 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of LKQ by 1.8% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,193 shares of the auto parts company’s stock valued at $629,000 after acquiring an additional 403 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in shares of LKQ by 4.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,961 shares of the auto parts company’s stock valued at $254,000 after acquiring an additional 405 shares during the last quarter. World Asset Management Inc lifted its stake in shares of LKQ by 2.6% in the 2nd quarter. World Asset Management Inc now owns 21,722 shares of the auto parts company’s stock valued at $578,000 after acquiring an additional 559 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in shares of LKQ by 2.3% in the 1st quarter. Commonwealth Bank of Australia now owns 31,208 shares of the auto parts company’s stock valued at $882,000 after acquiring an additional 705 shares during the last quarter. Institutional investors own 89.61% of the company’s stock.
In related news, EVP John S. Quinn sold 10,721 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total transaction of $289,895.84. Following the completion of the transaction, the executive vice president now directly owns 254,674 shares of the company’s stock, valued at approximately $6,886,384.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.28 billion. LKQ had a return on equity of 14.54% and a net margin of 3.36%. LKQ’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, research analysts anticipate that LKQ Co. will post 2.34 EPS for the current year.
LKQ has been the subject of a number of research reports. Wellington Shields cut LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. ValuEngine cut LKQ from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Raymond James cut LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Barrington Research set a $43.00 target price on LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.50.
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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