Shell Asset Management Co. Acquires 3,688 Shares of LKQ Co. (LKQ)

Shell Asset Management Co. increased its holdings in LKQ Co. (NASDAQ:LKQ) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,489 shares of the auto parts company’s stock after purchasing an additional 3,688 shares during the period. Shell Asset Management Co.’s holdings in LKQ were worth $1,251,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northern Trust Corp grew its stake in LKQ by 2.5% during the second quarter. Northern Trust Corp now owns 3,526,926 shares of the auto parts company’s stock worth $112,509,000 after buying an additional 85,952 shares during the last quarter. North Run Capital LP bought a new stake in LKQ during the second quarter worth about $10,687,000. Marshall Wace LLP bought a new stake in LKQ during the second quarter worth about $1,429,000. Oakbrook Investments LLC grew its stake in LKQ by 39.0% during the third quarter. Oakbrook Investments LLC now owns 33,865 shares of the auto parts company’s stock worth $1,073,000 after buying an additional 9,500 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in LKQ by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,619,800 shares of the auto parts company’s stock worth $83,573,000 after buying an additional 9,586 shares during the last quarter. 90.09% of the stock is owned by hedge funds and other institutional investors.

In other LKQ news, VP Varun Laroyia acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average cost of $26.50 per share, for a total transaction of $26,500.00. Following the completion of the acquisition, the vice president now directly owns 75,673 shares of the company’s stock, valued at approximately $2,005,334.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dominick P. Zarcone acquired 2,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the insider now directly owns 259,080 shares of the company’s stock, valued at $6,878,574. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of LKQ from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, August 7th. ValuEngine raised shares of LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Barrington Research reissued a “buy” rating and set a $45.00 price target on shares of LKQ in a research note on Monday, October 22nd. BidaskClub cut shares of LKQ from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 26th. Finally, TheStreet cut shares of LKQ from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.25.

Shares of NASDAQ LKQ opened at $28.27 on Tuesday. LKQ Co. has a fifty-two week low of $25.35 and a fifty-two week high of $43.86. The company has a market capitalization of $8.86 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.28. The company has a current ratio of 2.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. LKQ had a net margin of 5.01% and a return on equity of 14.55%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.12 billion. Research analysts predict that LKQ Co. will post 2.21 EPS for the current fiscal year.

LKQ declared that its Board of Directors has authorized a stock buyback 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 purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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