Stephens Investment Management Group LLC Has $22.54 Million Position in LKQ Co. (LKQ)

Share on StockTwits

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.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.89 billion. LKQ had a net margin of 5.21% and a return on equity of 14.41%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. equities analysts forecast that LKQ Co. will post 2.29 EPS for the current fiscal year.

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.

About LKQ

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.

Further Reading: Understanding Analyst Ratings

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.