Northern Trust Corp Sells 19,879 Shares of LKQ Co. (NASDAQ:LKQ)

Northern Trust Corp lowered its stake in LKQ Co. (NASDAQ:LKQ) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,664,549 shares of the auto parts company’s stock after selling 19,879 shares during the quarter. Northern Trust Corp’s holdings in LKQ were worth $104,000,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. boosted its stake in shares of LKQ by 120.5% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,290 shares of the auto parts company’s stock valued at $31,000 after buying an additional 705 shares during the period. Icon Wealth Partners LLC bought a new stake in shares of LKQ in the first quarter valued at approximately $31,000. Riverview Trust Co bought a new stake in shares of LKQ in the fourth quarter valued at approximately $34,000. Investors Research Corp bought a new stake in shares of LKQ in the first quarter valued at approximately $34,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of LKQ by 2,321.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 821,319 shares of the auto parts company’s stock valued at $35,000 after buying an additional 787,405 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Robert M. Hanser sold 1,131 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $27.93, for a total value of $31,588.83. Following the transaction, the director now owns 13,923 shares of the company’s stock, valued at approximately $388,869.39. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by corporate insiders.

LKQ has been the subject of several recent analyst reports. Zacks Investment Research upgraded LKQ from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Barrington Research restated a “buy” rating on shares of LKQ in a research note on Tuesday, February 26th. Guggenheim upgraded LKQ from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, March 6th. ValuEngine upgraded LKQ from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, BidaskClub cut LKQ from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.50.

Shares of NASDAQ:LKQ opened at $26.24 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of 11.98, a P/E/G ratio of 0.85 and a beta of 1.36. LKQ Co. has a 52-week low of $22.74 and a 52-week high of $36.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.36 and a quick ratio of 0.99.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a net margin of 3.47% and a return on equity of 14.39%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. On average, sell-side analysts anticipate that LKQ Co. will post 2.38 EPS for the current year.

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About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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