Voya Financial Advisors Inc. Grows Stock Position in LKQ Co. (NASDAQ:LKQ)

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Voya Financial Advisors Inc. boosted its stake in LKQ Co. (NASDAQ:LKQ) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,077 shares of the auto parts company’s stock after acquiring an additional 929 shares during the quarter. Voya Financial Advisors Inc.’s holdings in LKQ were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new position in shares of LKQ during the 2nd quarter valued at approximately $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 in the last quarter. Amica Retiree Medical Trust acquired a new stake in shares of LKQ during the 2nd quarter valued at approximately $38,000. NEXT Financial Group Inc raised its position in shares of LKQ by 20.7% during the 3rd quarter. NEXT Financial Group Inc now owns 1,889 shares of the auto parts company’s stock valued at $59,000 after acquiring an additional 324 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its position in shares of LKQ by 63.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,003 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 89.51% of the company’s stock.

In other news, SVP Scott A. Romberger sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $19.96, for a total transaction of $199,600.00. Also, Director Blythe J. Mcgarvie sold 13,692 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $35.62, for a total value of $487,709.04. Following the transaction, the director now directly owns 20,993 shares in the company, valued at $747,770.66. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on LKQ shares. Stifel Nicolaus set a $44.00 target price on LKQ and gave the stock a “buy” rating in a research report on Friday, November 1st. BidaskClub raised LKQ from a “hold” rating to a “buy” rating in a research report on Thursday. Wolfe Research set a $41.00 target price on LKQ and gave the stock a “buy” rating in a research report on Friday, November 1st. SunTrust Banks increased their target price on LKQ to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, TheStreet raised LKQ from a “c+” rating to a “b-” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. LKQ currently has a consensus rating of “Hold” and an average price target of $38.44.

Shares of LKQ opened at $35.28 on Monday. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.08 and a beta of 1.33. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 2.18. LKQ Co. has a one year low of $22.74 and a one year high of $36.21. The stock’s fifty day moving average is $33.63 and its 200-day moving average is $28.83.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.14 billion. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Analysts forecast that LKQ Co. will post 2.34 EPS for the current fiscal year.

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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