Bahl & Gaynor Inc. Sells 248 Shares of LKQ Co. (NASDAQ:LKQ)

Bahl & Gaynor Inc. decreased its position in shares of LKQ Co. (NASDAQ:LKQ) by 2.7% in the 1st quarter, HoldingsChannel reports. The fund owned 9,000 shares of the auto parts company’s stock after selling 248 shares during the period. Bahl & Gaynor Inc.’s holdings in LKQ were worth $481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of LKQ during the fourth quarter valued at approximately $26,000. Private Trust Co. NA boosted its position in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in LKQ by 40.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares during the last quarter. Quarry LP boosted its position in LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 355 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in LKQ by 2,145.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 943 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 901 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares of the company’s stock, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

LKQ Trading Down 0.9 %

LKQ stock traded down $0.39 during trading on Wednesday, hitting $45.01. 772,655 shares of the company traded hands, compared to its average volume of 1,736,880. LKQ Co. has a 1 year low of $39.72 and a 1 year high of $57.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. The company has a 50-day moving average of $42.65 and a 200-day moving average of $46.66. The firm has a market capitalization of $12.01 billion, a PE ratio of 14.63 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business posted $1.04 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts predict that LKQ Co. will post 3.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on LKQ shares. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. Roth Mkm reaffirmed a “buy” rating and set a $65.00 price target on shares of LKQ in a research report on Tuesday, April 23rd. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, July 19th. Finally, Robert W. Baird decreased their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.