WINTON GROUP Ltd trimmed its position in LKQ Co. (NASDAQ:LKQ) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,065 shares of the auto parts company’s stock after selling 1,770 shares during the period. WINTON GROUP Ltd’s holdings in LKQ were worth $287,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of LKQ by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 548,517 shares of the auto parts company’s stock valued at $19,741,000 after buying an additional 4,110 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of LKQ by 6.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 415,050 shares of the auto parts company’s stock valued at $14,938,000 after buying an additional 26,495 shares in the last quarter. SG Americas Securities LLC raised its position in shares of LKQ by 44.2% during the 3rd quarter. SG Americas Securities LLC now owns 14,129 shares of the auto parts company’s stock valued at $509,000 after buying an additional 4,329 shares in the last quarter. Schroder Investment Management Group raised its position in shares of LKQ by 3.1% during the 3rd quarter. Schroder Investment Management Group now owns 298,177 shares of the auto parts company’s stock valued at $10,660,000 after buying an additional 8,846 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of LKQ by 106.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after buying an additional 1,294,439 shares in the last quarter. 93.85% of the stock is owned by institutional investors and hedge funds.
In other LKQ news, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $42.55, for a total transaction of $1,063,750.00. Following the completion of the transaction, the vice president now directly owns 222,395 shares of the company’s stock, valued at approximately $9,462,907.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Quinn sold 7,501 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $39.76, for a total transaction of $298,239.76. Following the sale, the executive vice president now directly owns 270,218 shares in the company, valued at approximately $10,743,867.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,802 shares of company stock worth $1,807,405. Company insiders own 0.80% of the company’s stock.
A number of brokerages have issued reports on LKQ. Zacks Investment Research raised shares of LKQ from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, January 8th. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of LKQ in a research report on Friday, December 22nd. BidaskClub raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Stephens set a $50.00 target price on shares of LKQ and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 target price on shares of LKQ in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. LKQ has an average rating of “Buy” and a consensus price target of $44.78.
LKQ stock opened at $38.18 on Friday. The firm has a market capitalization of $11,836.79, a PE ratio of 20.31, a P/E/G ratio of 1.02 and a beta of 0.98. The company has a current ratio of 2.89, a quick ratio of 1.09 and a debt-to-equity ratio of 0.78. LKQ Co. has a one year low of $27.85 and a one year high of $43.86.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.37 billion. LKQ had a net margin of 5.48% and a return on equity of 14.84%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. equities research analysts predict that LKQ Co. will post 2.34 EPS for the current year.
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LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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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