Elkfork Partners LLC Sells 261,004 Shares of LKQ Co. (LKQ)

Elkfork Partners LLC reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 484,752 shares of the auto parts company’s stock after selling 261,004 shares during the period. Elkfork Partners LLC’s holdings in LKQ were worth $19,715,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in shares of LKQ in the 4th quarter valued at $108,000. Calton & Associates Inc. purchased a new stake in shares of LKQ in the 4th quarter valued at $116,000. First Personal Financial Services boosted its holdings in shares of LKQ by 194.0% in the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after acquiring an additional 2,542 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $186,000 after acquiring an additional 4,328 shares during the last quarter. Finally, Zions Bancorporation purchased a new stake in shares of LKQ in the 3rd quarter valued at $197,000. 93.85% of the stock is currently owned by institutional investors and hedge funds.

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Shares of LKQ Co. (NASDAQ:LKQ) opened at $37.91 on Friday. LKQ Co. has a twelve month low of $27.85 and a twelve month high of $43.86. The stock has a market cap of $12,199.05, a price-to-earnings ratio of 22.04, a P/E/G ratio of 1.05 and a beta of 0.97. The company has a current ratio of 2.89, a quick ratio of 1.09 and a debt-to-equity ratio of 0.78.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share (EPS) 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 analysts’ expectations of $2.37 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. analysts anticipate that LKQ Co. will post 2.34 EPS for the current fiscal year.

Several research firms have recently commented on LKQ. BidaskClub raised shares of LKQ from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Stephens set a $50.00 price objective on shares of LKQ and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Barrington Research reissued a “buy” rating and set a $45.00 price target on shares of LKQ in a report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.78.

In other LKQ news, EVP John S. Quinn sold 7,501 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total transaction of $298,239.76. Following the completion of the transaction, the executive vice president now directly owns 270,218 shares in the company, valued at $10,743,867.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Quinn sold 10,301 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $43.24, for a total transaction of $445,415.24. Following the transaction, the executive vice president now owns 296,765 shares of the company’s stock, valued at $12,832,118.60. The disclosure for this sale can be found here. Insiders have sold 42,802 shares of company stock worth $1,807,405 over the last three months. 1.10% of the stock is currently owned by insiders.

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

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