Segall Bryant & Hamill LLC decreased its holdings in LKQ Co. (NASDAQ:LKQ) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,560,996 shares of the auto parts company’s stock after selling 137,179 shares during the quarter. LKQ makes up 1.4% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 8th biggest position. Segall Bryant & Hamill LLC’s holdings in LKQ were worth $59,240,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in LKQ in the fourth quarter valued at about $108,000. Calton & Associates Inc. bought a new position in shares of LKQ during the fourth quarter valued at approximately $116,000. IFP Advisors Inc grew its holdings in shares of LKQ by 605.9% during the first quarter. IFP Advisors Inc now owns 3,614 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 3,102 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of LKQ by 1,773.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock valued at $186,000 after purchasing an additional 4,328 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd grew its holdings in shares of LKQ by 4,221.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 4,970 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 4,855 shares during the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.
Several research firms have recently commented on LKQ. Zacks Investment Research lowered LKQ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 21st. Barrington Research reaffirmed a “buy” rating and set a $45.00 target price on shares of LKQ in a report on Monday, February 26th. B. Riley upped their target price on LKQ from $41.00 to $48.00 and gave the company a “buy” rating in a report on Friday, February 23rd. BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Guggenheim began coverage on LKQ in a report on Tuesday, April 17th. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. LKQ currently has a consensus rating of “Buy” and an average target price of $44.30.
Shares of NASDAQ LKQ traded down $0.04 during midday trading on Thursday, hitting $32.77. 35,799 shares of the company’s stock were exchanged, compared to its average volume of 2,142,197. The company has a current ratio of 2.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The company has a market cap of $10.13 billion, a PE ratio of 17.40, a P/E/G ratio of 0.96 and a beta of 0.99. LKQ Co. has a twelve month low of $29.60 and a twelve month high of $43.86.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.62 billion. LKQ had a return on equity of 14.52% and a net margin of 5.44%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. sell-side analysts forecast that LKQ Co. will post 2.28 earnings per share for the current fiscal year.
In other LKQ news, Director Robert M. Hanser sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $30.30, for a total value of $33,299.70. Following the completion of the sale, the director now directly owns 10,984 shares in the company, valued at $332,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Justin L. Jude bought 2,280 shares of the business’s stock in a transaction on Friday, June 1st. The stock was purchased at an average price of $32.58 per share, with a total value of $74,282.40. Following the completion of the transaction, the senior vice president now directly owns 66,729 shares of the company’s stock, valued at $2,174,030.82. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
LKQ Company Profile
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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