Lawson Kroeker Investment Management Inc. NE decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,285 shares of the auto parts company’s stock after selling 13,395 shares during the quarter. LKQ makes up about 2.4% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 18th biggest holding. Lawson Kroeker Investment Management Inc. NE owned 0.06% of LKQ worth $7,495,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fairpointe Capital LLC boosted its holdings in LKQ by 9.0% during the second quarter. Fairpointe Capital LLC now owns 3,199,715 shares of the auto parts company’s stock worth $105,430,000 after purchasing an additional 264,587 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in LKQ by 106.7% during the third quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock worth $90,264,000 after purchasing an additional 1,294,439 shares during the last quarter. Prudential Financial Inc. boosted its holdings in LKQ by 5.5% during the third quarter. Prudential Financial Inc. now owns 1,970,626 shares of the auto parts company’s stock worth $70,923,000 after purchasing an additional 103,110 shares during the last quarter. Riverbridge Partners LLC boosted its holdings in LKQ by 1.1% during the third quarter. Riverbridge Partners LLC now owns 1,618,654 shares of the auto parts company’s stock worth $58,255,000 after purchasing an additional 16,860 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in LKQ by 0.8% during the second quarter. New York State Common Retirement Fund now owns 1,272,596 shares of the auto parts company’s stock worth $41,932,000 after purchasing an additional 9,599 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.
Several analysts have issued reports on the stock. Stephens set a $50.00 price target on shares of LKQ and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Group upped their price target on shares of LKQ from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. BidaskClub raised shares of LKQ from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Robert W. Baird reaffirmed a “buy” rating and set a $42.00 price target on shares of LKQ in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of LKQ in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. LKQ currently has a consensus rating of “Buy” and a consensus price target of $43.89.
In other news, Director William M. Iv Webster sold 100,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.02, for a total value of $4,002,000.00. Following the transaction, the director now directly owns 119,222 shares of the company’s stock, valued at $4,771,264.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael S. Clark sold 7,500 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $40.07, for a total transaction of $300,525.00. Following the completion of the transaction, the vice president now directly owns 61,860 shares in the company, valued at $2,478,730.20. The disclosure for this sale can be found here. Insiders sold 132,500 shares of company stock worth $5,223,025 over the last three months. Insiders own 1.10% of the company’s stock.
LKQ Co. (NASDAQ LKQ) traded down $0.28 during midday trading on Wednesday, reaching $43.19. 1,098,300 shares of the company’s stock traded hands, compared to its average volume of 1,203,310. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10. LKQ Co. has a 1 year low of $27.85 and a 1 year high of $43.75. The company has a market capitalization of $13,434.15, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.28 and a beta of 0.97.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping 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 had a net margin of 5.27% and a return on equity of 15.10%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. sell-side analysts expect that LKQ Co. will post 1.89 EPS for the current fiscal year.
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LKQ Company 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.
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