Standard Life Aberdeen plc boosted its holdings in LKQ Co. (NASDAQ:LKQ) by 57.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,359,106 shares of the auto parts company’s stock after buying an additional 497,207 shares during the quarter. Standard Life Aberdeen plc owned approximately 0.43% of LKQ worth $43,043,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in LKQ by 76.1% in the second quarter. BNP Paribas Arbitrage SA now owns 112,636 shares of the auto parts company’s stock valued at $3,593,000 after acquiring an additional 48,688 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in LKQ in the second quarter valued at $115,000. Advisory Services Network LLC lifted its position in LKQ by 10.3% in the second quarter. Advisory Services Network LLC now owns 22,232 shares of the auto parts company’s stock valued at $775,000 after acquiring an additional 2,080 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in LKQ by 19.3% in the second quarter. Daiwa Securities Group Inc. now owns 11,418 shares of the auto parts company’s stock valued at $364,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in LKQ by 7.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,065,636 shares of the auto parts company’s stock valued at $33,994,000 after acquiring an additional 73,388 shares during the last quarter. 87.79% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ LKQ opened at $27.84 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.27. LKQ Co. has a one year low of $25.35 and a one year high of $43.86.
LKQ declared that its board has approved a share repurchase plan on Thursday, October 25th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
LKQ has been the subject of a number of research reports. BidaskClub cut shares of LKQ from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Monday, November 19th. Raymond James reduced their price target on shares of LKQ from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, October 10th. ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Finally, TheStreet cut shares of LKQ from a “b-” rating to a “c+” rating in a research report on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. LKQ has a consensus rating of “Buy” and a consensus price target of $43.25.
In other LKQ news, VP Varun Laroyia acquired 1,000 shares of the company’s stock in a transaction on Friday, October 26th. The shares were bought at an average cost of $26.50 per share, for a total transaction of $26,500.00. Following the completion of the purchase, the vice president now owns 75,673 shares in the company, valued at approximately $2,005,334.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dominick P. Zarcone acquired 2,000 shares of the company’s stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $26.55 per share, for a total transaction of $53,100.00. Following the completion of the purchase, the insider now owns 259,080 shares of the company’s stock, valued at approximately $6,878,574. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
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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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