Advisory Services Network LLC Takes Position in LKQ Corporation (LKQ)

Advisory Services Network LLC bought a new stake in shares of LKQ Corporation (NASDAQ:LKQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,000 shares of the auto parts company’s stock, valued at approximately $626,000.

Several other institutional investors have also made changes to their positions in the company. Greenleaf Trust increased its holdings in shares of LKQ Corporation by 2.1% in the second quarter. Greenleaf Trust now owns 15,309 shares of the auto parts company’s stock worth $504,000 after purchasing an additional 309 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of LKQ Corporation by 3.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,796 shares of the auto parts company’s stock valued at $287,000 after buying an additional 358 shares during the last quarter. Groesbeck Investment Management Corp NJ grew its stake in shares of LKQ Corporation by 1.1% during the second quarter. Groesbeck Investment Management Corp NJ now owns 36,460 shares of the auto parts company’s stock valued at $1,201,000 after buying an additional 400 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of LKQ Corporation by 29.3% during the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock valued at $146,000 after buying an additional 1,129 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its stake in shares of LKQ Corporation by 1.1% during the second quarter. Thompson Investment Management Inc. now owns 154,748 shares of the auto parts company’s stock valued at $5,099,000 after buying an additional 1,733 shares during the last quarter. Institutional investors and hedge funds own 92.54% of the company’s stock.

In other news, Director Guhan Subramanian purchased 4,000 shares of LKQ Corporation stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $33.96 per share, with a total value of $135,840.00. Following the transaction, the director now directly owns 23,811 shares in the company, valued at approximately $808,621.56. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director A Clinton Allen sold 16,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $32.92, for a total value of $526,720.00. Following the completion of the sale, the director now directly owns 196,083 shares of the company’s stock, valued at approximately $6,455,052.36. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on the company. Robert W. Baird reiterated a “buy” rating and issued a $42.00 price target on shares of LKQ Corporation in a report on Friday. FBR & Co restated a “buy” rating and set a $41.00 target price on shares of LKQ Corporation in a report on Friday. BidaskClub lowered LKQ Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday. Jefferies Group LLC upped their target price on LKQ Corporation from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $40.00 price target (up from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.50.

TRADEMARK VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/27/advisory-services-network-llc-acquires-shares-of-19000-lkq-corporation-lkq.html.

LKQ Corporation (NASDAQ:LKQ) traded down 1.819% during trading on Friday, hitting $36.425. 366,641 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $36.10 and its 200 day moving average price is $33.23. The stock has a market cap of $11.25 billion, a P/E ratio of 22.837 and a beta of 0.85. LKQ Corporation has a 12-month low of $27.85 and a 12-month high of $37.70.

LKQ Corporation (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.35 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Analysts anticipate that LKQ Corporation will post $1.87 earnings per share for the current fiscal year.

LKQ Corporation Profile

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.

Institutional Ownership by Quarter for LKQ Corporation (NASDAQ:LKQ)

Receive News & Ratings for LKQ Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply