BDO Wealth Advisors LLC lifted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,470 shares of the auto parts company’s stock after purchasing an additional 4,695 shares during the quarter. BDO Wealth Advisors LLC’s holdings in LKQ were worth $929,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in LKQ. Summit Trail Advisors LLC increased its stake in LKQ by 5,171.5% in the 1st quarter. Summit Trail Advisors LLC now owns 99,895 shares of the auto parts company’s stock worth $100,000 after acquiring an additional 98,000 shares during the last quarter. Captrust Financial Advisors bought a new position in LKQ in the 4th quarter worth about $108,000. IFP Advisors Inc increased its stake in LKQ by 605.9% in the 1st quarter. IFP Advisors Inc now owns 3,614 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 3,102 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in LKQ by 1,773.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock worth $186,000 after acquiring an additional 4,328 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its stake in LKQ by 4,221.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,970 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 4,855 shares during the last quarter. Institutional investors own 90.65% of the company’s stock.
A number of equities analysts have weighed in on LKQ shares. ValuEngine lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. SunTrust Banks started coverage on LKQ in a research note on Tuesday, May 29th. They issued a “buy” rating and a $40.00 target price on the stock. Barrington Research set a $45.00 target price on LKQ and gave the stock a “buy” rating in a research note on Friday, April 27th. Guggenheim began coverage on LKQ in a research note on Tuesday, April 17th. They issued a “neutral” rating on the stock. Finally, BidaskClub upgraded LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. LKQ has a consensus rating of “Buy” and a consensus target price of $44.30.
In related news, SVP Justin L. Jude bought 2,280 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was bought at an average cost of $32.58 per share, for a total transaction of $74,282.40. Following the acquisition, the senior vice president now directly owns 66,729 shares of the company’s stock, valued at approximately $2,174,030.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Hanser sold 1,099 shares of the stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $30.30, for a total value of $33,299.70. Following the sale, the director now owns 10,984 shares of the company’s stock, valued at $332,815.20. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.
LKQ opened at $32.83 on Wednesday, according to Marketbeat Ratings. LKQ Co. has a 12-month low of $29.60 and a 12-month high of $43.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.74 and a quick ratio of 1.11. The stock has a market capitalization of $10.36 billion, a PE ratio of 17.46, a PEG ratio of 0.98 and a beta of 0.99.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). LKQ had a return on equity of 14.52% and a net margin of 5.44%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. LKQ’s revenue for the quarter was up 16.1% compared to the same quarter last year. equities research analysts expect that LKQ Co. will post 2.28 EPS for the current year.
LKQ Company Profile
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.
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