State Street Corp Has $408.15 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

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State Street Corp lowered its position in shares of LKQ Co. (NASDAQ:LKQ) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,977,749 shares of the auto parts company’s stock after selling 631,027 shares during the quarter. State Street Corp owned approximately 4.23% of LKQ worth $408,150,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LKQ. New Mountain Vantage Advisers L.L.C. increased its position in LKQ by 81.8% in the 2nd quarter. New Mountain Vantage Advisers L.L.C. now owns 4,704,201 shares of the auto parts company’s stock valued at $125,179,000 after acquiring an additional 2,117,077 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in LKQ in the 2nd quarter valued at about $54,754,000. Artemis Investment Management LLP acquired a new stake in LKQ in the 3rd quarter valued at about $34,105,000. D. E. Shaw & Co. Inc. increased its position in LKQ by 67.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,594,935 shares of the auto parts company’s stock valued at $69,051,000 after acquiring an additional 1,047,038 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in LKQ by 20.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,571,918 shares of the auto parts company’s stock valued at $112,337,000 after acquiring an additional 594,452 shares in the last quarter. Institutional investors and hedge funds own 89.51% of the company’s stock.

In other news, Director Blythe J. Mcgarvie sold 13,692 shares of the firm’s stock in a transaction dated 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 owns 20,993 shares of the company’s stock, valued at approximately $747,770.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott A. Romberger sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $19.96, for a total transaction of $199,600.00. Insiders sold a total of 27,506 shares of company stock worth $822,020 in the last ninety days. Insiders own 0.71% of the company’s stock.

Several research firms have weighed in on LKQ. Guggenheim set a $38.00 price objective on shares of LKQ and gave the company a “buy” rating in a research report on Friday, November 1st. Barrington Research restated a “buy” rating and issued a $42.50 price objective on shares of LKQ in a research report on Monday, October 28th. SunTrust Banks raised 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, Wolfe Research set a $41.00 price objective on shares of LKQ and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.44.

Shares of NASDAQ LKQ opened at $35.32 on Tuesday. The firm has a market capitalization of $10.81 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.08 and a beta of 1.33. 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 Co. has a 1 year low of $22.74 and a 1 year high of $36.21. The firm’s 50-day moving average is $33.91 and its 200-day moving average is $28.95.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.50% and a return on equity of 14.79%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. As a group, equities research analysts anticipate that LKQ Co. will post 2.34 earnings per share 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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