Pacer Advisors Inc. raised its position in shares of LKQ Corporation (NASDAQ:LKQ) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,387 shares of the auto parts company’s stock after buying an additional 181 shares during the period. Pacer Advisors Inc.’s holdings in LKQ Corporation were worth $158,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of LKQ Corporation during the fourth quarter worth about $13,696,000. Cantab Capital Partners LLP acquired a new position in shares of LKQ Corporation during the fourth quarter worth about $146,000. Cigna Investments Inc. New acquired a new position in shares of LKQ Corporation during the fourth quarter worth about $342,000. Israel Discount Bank of New York GFN acquired a new position in shares of LKQ Corporation during the fourth quarter worth about $107,000. Finally, Quadrature Capital Ltd acquired a new position in shares of LKQ Corporation during the fourth quarter worth about $3,058,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.
LKQ Corporation (NASDAQ:LKQ) opened at 32.43 on Friday. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 20.64 and a beta of 0.77. The firm has a 50-day moving average price of $31.58 and a 200-day moving average price of $31.13. LKQ Corporation has a one year low of $27.85 and a one year high of $36.35.
LKQ Corporation (NASDAQ:LKQ) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. LKQ Corporation had a return on equity of 16.54% and a net margin of 5.21%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. LKQ Corporation’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that LKQ Corporation will post $1.87 earnings per share for the current year.
A number of research analysts have weighed in on LKQ shares. J P Morgan Chase & Co started coverage on LKQ Corporation in a report on Tuesday, February 21st. They issued an “overweight” rating and a $41.00 price objective on the stock. Zacks Investment Research upgraded LKQ Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 1st. William Blair restated an “outperform” rating on shares of LKQ Corporation in a report on Monday, February 27th. FBR & Co restated an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of LKQ Corporation in a report on Friday, April 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a report on Thursday, April 27th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. LKQ Corporation currently has a consensus rating of “Buy” and a consensus target price of $39.14.
In related news, Director Robert M. Hanser sold 1,024 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $31.49, for a total transaction of $32,245.76. Following the transaction, the director now directly owns 3,552 shares in the company, valued at $111,852.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Justin L. Jude sold 20,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $32.01, for a total value of $640,200.00. Following the transaction, the senior vice president now owns 86,285 shares in the company, valued at $2,761,982.85. The disclosure for this sale can be found here. Insiders sold 56,024 shares of company stock worth $1,733,446 over the last 90 days. Company insiders own 1.10% of the company’s stock.
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.
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