IFM Investors Pty Ltd Buys 15,660 Shares of LKQ Co. (NASDAQ:LKQ)

IFM Investors Pty Ltd increased its stake in LKQ Co. (NASDAQ:LKQ) by 72.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,364 shares of the auto parts company’s stock after acquiring an additional 15,660 shares during the period. IFM Investors Pty Ltd’s holdings in LKQ were worth $1,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Oakworth Capital Inc. bought a new stake in shares of LKQ during the 2nd quarter valued at $26,000. Optimum Investment Advisors raised its position in shares of LKQ by 211.1% during the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 950 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in shares of LKQ during the 2nd quarter valued at $38,000. Investors Research Corp raised its position in shares of LKQ by 33.3% during the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 400 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of LKQ by 522.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,817 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Shares of LKQ stock traded up $0.10 during trading hours on Friday, reaching $35.20. 1,899,200 shares of the company’s stock were exchanged, compared to its average volume of 2,661,045. LKQ Co. has a fifty-two week low of $22.74 and a fifty-two week high of $36.11. The company has a 50 day moving average of $31.89 and a two-hundred day moving average of $28.23. The stock has a market cap of $11.00 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.09 and a beta of 1.32. The company has a current ratio of 2.18, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. LKQ had a net margin of 3.50% and a return on equity of 14.79%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, analysts expect that LKQ Co. will post 2.34 earnings per share for the current fiscal year.

LKQ has been the subject of several recent research reports. Barrington Research reiterated a “buy” rating and set a $42.50 target price on shares of LKQ in a research report on Monday, October 28th. Wellington Shields cut shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. SunTrust Banks upped their price objective on shares of LKQ to $40.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus set a $44.00 price objective on shares of LKQ and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.44.

In other news, Director Blythe J. Mcgarvie sold 13,692 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $35.62, for a total transaction of $487,709.04. Following the transaction, the director now directly owns 20,993 shares of the company’s stock, valued at $747,770.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

LKQ Company Profile

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.

Further Reading: Bid-Ask Spread

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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