DF Dent & Co. Inc. Sells 421,626 Shares of LKQ Corporation (LKQ)

DF Dent & Co. Inc. decreased its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,340,088 shares of the auto parts company’s stock after selling 421,626 shares during the quarter. LKQ Corporation comprises about 2.9% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 11th biggest holding. DF Dent & Co. Inc. owned about 1.08% of LKQ Corporation worth $110,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Israel Discount Bank of New York purchased a new position in shares of LKQ Corporation in the first quarter worth $102,000. Global X Management Co. LLC raised its stake in shares of LKQ Corporation by 29.3% in the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock worth $146,000 after purchasing an additional 1,129 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after purchasing an additional 181 shares during the last quarter. Gyroscope Capital Management Group LLC purchased a new position in shares of LKQ Corporation in the second quarter worth $243,000. Finally, Private Capital Management Inc. purchased a new position in shares of LKQ Corporation in the second quarter worth $247,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

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In other news, Director Guhan Subramanian bought 4,000 shares of LKQ Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $33.96 per share, for a total transaction of $135,840.00. Following the purchase, the director now directly owns 23,811 shares of the company’s stock, valued at approximately $808,621.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Quinn sold 8,230 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $33.15, for a total value of $272,824.50. Following the completion of the transaction, the executive vice president now owns 254,726 shares of the company’s stock, valued at approximately $8,444,166.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,230 shares of company stock valued at $1,634,545. Company insiders own 1.10% of the company’s stock.

LKQ Corporation (LKQ) traded down 0.05% on Tuesday, hitting $36.61. The stock had a trading volume of 343,222 shares. LKQ Corporation has a 52-week low of $27.85 and a 52-week high of $36.99. The firm has a market cap of $11.31 billion, a PE ratio of 22.95 and a beta of 0.85. The company has a 50-day moving average price of $35.18 and a 200 day moving average price of $32.54.

LKQ Corporation (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts forecast that LKQ Corporation will post $1.88 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. BidaskClub upgraded LKQ Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Group LLC boosted their price target on LKQ Corporation from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Susquehanna Bancshares Inc restated a “positive” rating and issued a $40.00 price target (up previously from $38.00) on shares of LKQ Corporation in a research note on Monday, July 31st. Northcoast Research cut LKQ Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut LKQ Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. LKQ Corporation currently has a consensus rating of “Buy” and a consensus target price of $40.20.

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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Institutional Ownership by Quarter for LKQ Corporation (NASDAQ:LKQ)

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