California State Teachers Retirement System cut its position in LKQ Co. (NASDAQ:LKQ) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,077 shares of the auto parts company’s stock after selling 4,354 shares during the quarter. California State Teachers Retirement System owned about 0.17% of LKQ worth $21,640,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Calton & Associates Inc. acquired a new stake in LKQ during the 4th quarter valued at $116,000. First Personal Financial Services lifted its holdings in LKQ by 194.0% during the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 2,542 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in LKQ by 1,773.8% during the 4th 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. Zions Bancorporation acquired a new stake in LKQ during the 3rd quarter valued at $197,000. Finally, YHB Investment Advisors Inc. acquired a new stake in LKQ during the 4th quarter valued at $203,000. 93.85% of the stock is owned by institutional investors and hedge funds.
LKQ has been the subject of several research reports. Wellington Shields downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price target on shares of LKQ in a report on Monday, December 11th. B. Riley reaffirmed a “buy” rating and set a $41.00 price target on shares of LKQ in a report on Tuesday, December 12th. Jefferies Group reaffirmed a “buy” rating on shares of LKQ in a report on Thursday, December 14th. Finally, BidaskClub downgraded LKQ from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.78.
In related news, VP Victor M. Casini sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $42.55, for a total value of $1,063,750.00. Following the completion of the transaction, the vice president now owns 222,395 shares of the company’s stock, valued at $9,462,907.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John S. Quinn sold 7,501 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total value of $298,239.76. Following the completion of the transaction, the executive vice president now directly owns 270,218 shares of the company’s stock, valued at approximately $10,743,867.68. The disclosure for this sale can be found here. Insiders have sold 42,802 shares of company stock valued at $1,807,405 in the last three months. Insiders own 1.10% of the company’s stock.
Shares of LKQ stock opened at $39.55 on Monday. LKQ Co. has a twelve month low of $27.85 and a twelve month high of $43.86. The company has a current ratio of 2.89, a quick ratio of 1.09 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $12,243.69, a price-to-earnings ratio of 22.99, a PEG ratio of 1.06 and a beta of 0.97.
LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). LKQ had a return on equity of 14.84% and a net margin of 5.48%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. research analysts forecast that LKQ Co. will post 2.34 EPS for the current fiscal year.
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LKQ Company Profile
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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