Patton Albertson Miller Group LLC cut its stake in LKQ Corporation (NASDAQ:LKQ) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,740 shares of the auto parts company’s stock after selling 748 shares during the period. Patton Albertson Miller Group LLC’s holdings in LKQ Corporation were worth $608,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in LKQ. Rice Hall James & Associates LLC raised its stake in shares of LKQ Corporation by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 48,994 shares of the auto parts company’s stock worth $1,434,000 after buying an additional 1,403 shares during the period. Bank of The West raised its stake in shares of LKQ Corporation by 20.0% in the first quarter. Bank of The West now owns 46,589 shares of the auto parts company’s stock worth $1,364,000 after buying an additional 7,765 shares during the period. DnB Asset Management AS raised its stake in shares of LKQ Corporation by 19.0% in the first quarter. DnB Asset Management AS now owns 28,862 shares of the auto parts company’s stock worth $845,000 after buying an additional 4,600 shares during the period. OLD Second National Bank of Aurora bought a new stake in shares of LKQ Corporation during the first quarter worth $2,834,000. Finally, Atria Investments LLC raised its stake in shares of LKQ Corporation by 70.4% in the first quarter. Atria Investments LLC now owns 12,132 shares of the auto parts company’s stock worth $355,000 after buying an additional 5,013 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of LKQ Corporation (NASDAQ:LKQ) opened at 33.75 on Friday. LKQ Corporation has a one year low of $27.85 and a one year high of $36.35. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 21.16 and a beta of 0.84. The stock’s 50 day moving average is $33.11 and its 200-day moving average is $31.42.
LKQ Corporation (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the firm posted $0.55 EPS. LKQ Corporation’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts predict that LKQ Corporation will post $1.88 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of LKQ Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Susquehanna Bancshares Inc reissued a “positive” rating and set a $40.00 price objective (up from $38.00) on shares of LKQ Corporation in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a report on Wednesday. Northcoast Research lowered shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of LKQ Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.33.
In other LKQ Corporation news, EVP John S. Quinn sold 8,230 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $33.15, for a total transaction of $272,824.50. Following the transaction, the executive vice president now directly owns 254,726 shares of the company’s stock, valued at approximately $8,444,166.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael S. Clark sold 5,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $31.42, for a total transaction of $157,100.00. Following the transaction, the vice president now directly owns 62,885 shares in the company, valued at $1,975,846.70. The disclosure for this sale can be found here. Insiders have sold a total of 58,230 shares of company stock worth $1,905,125 over the last three months. 1.10% of the stock is currently owned by insiders.
About LKQ Corporation
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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