Parametric Portfolio Associates LLC Raises Position in LKQ Co. (NASDAQ:LKQ)

Share on StockTwits

Parametric Portfolio Associates LLC lifted its stake in LKQ Co. (NASDAQ:LKQ) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 819,942 shares of the auto parts company’s stock after buying an additional 6,007 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.27% of LKQ worth $21,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of LKQ by 13.3% during the 1st quarter. FMR LLC now owns 11,329,024 shares of the auto parts company’s stock worth $321,518,000 after purchasing an additional 1,329,633 shares during the period. Geode Capital Management LLC raised its position in shares of LKQ by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock worth $101,069,000 after purchasing an additional 316,437 shares during the period. Northern Trust Corp raised its position in shares of LKQ by 2.4% during the 2nd quarter. Northern Trust Corp now owns 3,752,316 shares of the auto parts company’s stock worth $99,850,000 after purchasing an additional 87,767 shares during the period. International Value Advisers LLC acquired a new stake in shares of LKQ during the 1st quarter worth approximately $93,177,000. Finally, FIL Ltd raised its position in shares of LKQ by 41.6% during the 1st quarter. FIL Ltd now owns 2,176,787 shares of the auto parts company’s stock worth $61,777,000 after purchasing an additional 639,246 shares during the period. 91.64% of the stock is owned by institutional investors.

Shares of LKQ traded up $0.22 during trading hours on Thursday, hitting $32.16. 105,627 shares of the company were exchanged, compared to its average volume of 2,723,653. The company has a market capitalization of $9.86 billion, a PE ratio of 14.70, a PEG ratio of 0.98 and a beta of 1.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.20 and a quick ratio of 0.94. The firm has a fifty day simple moving average of $26.78 and a 200-day simple moving average of $27.47. LKQ Co. has a one year low of $22.74 and a one year high of $33.22.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.28 billion. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. Sell-side analysts expect that LKQ Co. will post 2.33 EPS for the current year.

In other news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the completion of the sale, the executive vice president now owns 254,674 shares in the company, valued at $6,886,384.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on LKQ shares. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Barrington Research set a $43.00 price objective on LKQ and gave the stock a “buy” rating in a report on Tuesday, September 10th. Raymond James lowered LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th. Finally, Zacks Investment Research lowered LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.00.

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.

Further Reading: What is total return in investing?

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.