Toronto Dominion Bank boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,006 shares of the auto parts company’s stock after buying an additional 15,477 shares during the quarter. Toronto Dominion Bank owned 0.05% of LKQ worth $6,670,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of LKQ by 33.0% during the fourth quarter. Wells Fargo & Company MN now owns 524,043 shares of the auto parts company’s stock worth $21,313,000 after acquiring an additional 129,887 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of LKQ by 6.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 760,226 shares of the auto parts company’s stock worth $30,918,000 after purchasing an additional 48,406 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of LKQ during the 4th quarter worth $742,000. Catalyst Capital Advisors LLC raised its stake in shares of LKQ by 35.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 47,900 shares of the auto parts company’s stock worth $1,948,000 after buying an additional 12,500 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of LKQ by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 9,870 shares of the auto parts company’s stock worth $401,000 after buying an additional 1,551 shares during the last quarter. 93.85% of the stock is owned by institutional investors and hedge funds.
In related news, EVP John S. Quinn sold 7,501 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $39.76, for a total value of $298,239.76. Following the completion of the sale, the executive vice president now directly owns 270,218 shares of the company’s stock, valued at approximately $10,743,867.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Quinn sold 10,301 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $43.24, for a total value of $445,415.24. Following the sale, the executive vice president now directly owns 296,765 shares of the company’s stock, valued at $12,832,118.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,802 shares of company stock valued at $1,807,405. Company insiders own 1.10% of the company’s stock.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). LKQ had a net margin of 5.48% and a return on equity of 14.84%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the prior year, the business earned $0.35 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. research analysts expect that LKQ Co. will post 2.35 EPS for the current year.
A number of research analysts have recently commented on LKQ shares. BidaskClub downgraded shares of LKQ from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Barrington Research reiterated a “buy” rating and set a $45.00 target price on shares of LKQ in a report on Monday, February 26th. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, February 28th. Stephens set a $50.00 price target on LKQ and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, B. Riley upped their target price on LKQ from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $44.78.
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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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