State of Tennessee Treasury Department Trims Position in LKQ Co. (NASDAQ:LKQ)

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State of Tennessee Treasury Department reduced its position in LKQ Co. (NASDAQ:LKQ) by 52.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,383 shares of the auto parts company’s stock after selling 203,698 shares during the quarter. State of Tennessee Treasury Department’s holdings in LKQ were worth $5,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in shares of LKQ in the first quarter valued at $279,000. Knott David M increased its stake in shares of LKQ by 9.1% in the first quarter. Knott David M now owns 300,000 shares of the auto parts company’s stock valued at $8,514,000 after buying an additional 25,000 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of LKQ by 79.4% in the first quarter. State of Wisconsin Investment Board now owns 381,008 shares of the auto parts company’s stock valued at $10,813,000 after buying an additional 168,659 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of LKQ in the first quarter valued at $462,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of LKQ in the first quarter valued at $256,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

LKQ stock traded down $0.50 during midday trading on Wednesday, reaching $26.23. The stock had a trading volume of 66,498 shares, compared to its average volume of 2,849,081. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.86 and a beta of 1.36. LKQ Co. has a twelve month low of $22.74 and a twelve month high of $36.10.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the business earned $0.55 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. Sell-side analysts predict that LKQ Co. will post 2.38 earnings per share for the current fiscal year.

In other LKQ news, Director Robert M. Hanser sold 1,131 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total transaction of $31,588.83. Following the transaction, the director now owns 13,923 shares in the company, valued at $388,869.39. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.71% of the stock is currently owned by company insiders.

A number of analysts recently commented on LKQ shares. Guggenheim upgraded LKQ from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, March 6th. ValuEngine upgraded LKQ from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Zacks Investment Research upgraded LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Barrington Research set a $43.00 price objective on LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, BidaskClub lowered LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $36.50.

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LKQ Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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