Stephens Investment Management Group LLC boosted its stake in LKQ Co. (NASDAQ:LKQ) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 708,994 shares of the auto parts company’s stock after purchasing an additional 6,046 shares during the quarter. Stephens Investment Management Group LLC owned about 0.22% of LKQ worth $22,539,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in LKQ. Summit Trail Advisors LLC raised its position in shares of LKQ by 5,171.5% during the 1st quarter. Summit Trail Advisors LLC now owns 99,895 shares of the auto parts company’s stock valued at $100,000 after buying an additional 98,000 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of LKQ during the 2nd quarter valued at about $115,000. Assetmark Inc. raised its position in shares of LKQ by 7,663.0% during the 2nd quarter. Assetmark Inc. now owns 4,192 shares of the auto parts company’s stock valued at $134,000 after buying an additional 4,138 shares in the last quarter. IFP Advisors Inc raised its position in shares of LKQ by 605.9% during the 1st quarter. IFP Advisors Inc now owns 3,614 shares of the auto parts company’s stock valued at $137,000 after buying an additional 3,102 shares in the last quarter. Finally, Denali Advisors LLC purchased a new stake in shares of LKQ during the 2nd quarter valued at about $175,000. Institutional investors and hedge funds own 89.41% of the company’s stock.
NASDAQ:LKQ traded down $0.22 during mid-day trading on Friday, hitting $32.78. 2,625,535 shares of the stock traded hands, compared to its average volume of 1,866,272. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.96 and a beta of 1.21. LKQ Co. has a 52 week low of $29.60 and a 52 week high of $43.86. The company has a current ratio of 2.57, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89.
In other LKQ news, EVP John S. Quinn sold 8,019 shares of the company’s stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $33.51, for a total value of $268,716.69. Following the transaction, the executive vice president now directly owns 265,014 shares in the company, valued at approximately $8,880,619.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Guhan Subramanian bought 1,500 shares of the company’s stock in a transaction on Thursday, June 21st. The stock was bought at an average price of $32.31 per share, for a total transaction of $48,465.00. Following the completion of the purchase, the director now directly owns 29,081 shares in the company, valued at $939,607.11. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on the stock. SunTrust Banks assumed coverage on shares of LKQ in a research report on Tuesday, May 29th. They set a “buy” rating and a $40.00 target price on the stock. BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Zacks Investment Research cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.89.
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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