Summit Trail Advisors LLC Has $100,000 Stake in LKQ Co. (LKQ)

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Summit Trail Advisors LLC lifted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 5,171.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,895 shares of the auto parts company’s stock after acquiring an additional 98,000 shares during the period. Summit Trail Advisors LLC’s holdings in LKQ were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in LKQ in the 1st quarter valued at about $48,281,000. Raymond James & Associates raised its holdings in LKQ by 1.4% in the 4th quarter. Raymond James & Associates now owns 175,884 shares of the auto parts company’s stock valued at $7,153,000 after buying an additional 2,489 shares during the period. Fred Alger Management Inc. raised its holdings in LKQ by 1,182.5% in the 4th quarter. Fred Alger Management Inc. now owns 129,736 shares of the auto parts company’s stock valued at $5,276,000 after buying an additional 119,620 shares during the period. American International Group Inc. raised its holdings in LKQ by 11.5% in the 4th quarter. American International Group Inc. now owns 114,919 shares of the auto parts company’s stock valued at $4,674,000 after buying an additional 11,844 shares during the period. Finally, Tuttle Tactical Management LLC purchased a new stake in LKQ in the 4th quarter valued at about $741,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Shares of LKQ stock opened at $31.90 on Friday. LKQ Co. has a one year low of $29.60 and a one year high of $43.86. The stock has a market cap of $9.88 billion, a PE ratio of 16.44, a P/E/G ratio of 0.94 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.74 and a quick ratio of 1.11.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). LKQ had a return on equity of 14.52% and a net margin of 5.44%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. sell-side analysts predict that LKQ Co. will post 2.27 earnings per share for the current year.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. SunTrust Banks assumed coverage on shares of LKQ in a research note on Tuesday, May 29th. They set a “buy” rating and a $40.00 price target on the stock. Guggenheim assumed coverage on shares of LKQ in a research note on Tuesday, April 17th. They set a “neutral” rating on the stock. Finally, Wellington Shields upgraded shares of LKQ from a “hold” rating to an “accumulate” rating in a research note on Monday, April 30th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.30.

In other news, Director Robert M. Hanser sold 1,099 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $30.30, for a total transaction of $33,299.70. Following the completion of the transaction, the director now directly owns 10,984 shares of the company’s stock, valued at $332,815.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Guhan Subramanian purchased 1,500 shares of the stock in a transaction that occurred on Thursday, June 21st. The stock was acquired at an average cost of $32.31 per share, with a total value of $48,465.00. Following the completion of the acquisition, the director now directly owns 29,081 shares of the company’s stock, valued at $939,607.11. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,780 shares of company stock valued at $221,747. Corporate insiders own 0.80% of the company’s stock.

About LKQ

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.

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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