Xact Kapitalforvaltning AB Has $2.38 Million Position in LKQ Corporation (NASDAQ:LKQ)

Xact Kapitalforvaltning AB lowered its stake in LKQ Corporation (NASDAQ:LKQ) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,302 shares of the auto parts company’s stock after selling 655 shares during the period. Xact Kapitalforvaltning AB’s holdings in LKQ Corporation were worth $2,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LKQ. Achmea Investment Management B.V. acquired a new stake in shares of LKQ Corporation during the first quarter valued at $405,000. Bank of Nova Scotia raised its stake in shares of LKQ Corporation by 953.0% in the first quarter. Bank of Nova Scotia now owns 70,550 shares of the auto parts company’s stock valued at $2,065,000 after buying an additional 63,850 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of LKQ Corporation during the first quarter valued at $629,000. Green Square Capital LLC raised its stake in shares of LKQ Corporation by 4.4% in the first quarter. Green Square Capital LLC now owns 78,127 shares of the auto parts company’s stock valued at $2,287,000 after buying an additional 3,303 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of LKQ Corporation by 124.8% in the first quarter. Point72 Asset Management L.P. now owns 512,000 shares of the auto parts company’s stock valued at $14,986,000 after buying an additional 284,200 shares during the period. Institutional investors own 92.15% of the company’s stock.

Shares of LKQ Corporation (NASDAQ:LKQ) traded up 0.24% during midday trading on Friday, reaching $33.50. 2,139,047 shares of the company’s stock traded hands. The stock has a market cap of $10.33 billion, a P/E ratio of 21.32 and a beta of 0.84. LKQ Corporation has a 52-week low of $27.85 and a 52-week high of $36.35. The stock has a 50-day moving average price of $32.39 and a 200-day moving average price of $31.15.

LKQ Corporation (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. LKQ Corporation had a return on equity of 16.54% and a net margin of 5.21%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. Analysts forecast that LKQ Corporation will post $1.87 earnings per share for the current year.

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Several brokerages have recently weighed in on LKQ. BidaskClub lowered shares of LKQ Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a research report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a research report on Thursday, April 27th. FBR & Co restated an “outperform” rating and issued a $41.00 price target (up from $40.00) on shares of LKQ Corporation in a research report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of LKQ Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. LKQ Corporation has a consensus rating of “Buy” and a consensus price target of $39.67.

In related news, SVP Justin L. Jude sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.01, for a total value of $640,200.00. Following the completion of the sale, the senior vice president now owns 86,285 shares of the company’s stock, valued at $2,761,982.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Quinn sold 8,230 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $33.15, for a total value of $272,824.50. Following the completion of the transaction, the executive vice president now owns 254,726 shares of the company’s stock, valued at approximately $8,444,166.90. The disclosure for this sale can be found here. Insiders sold 64,254 shares of company stock valued at $2,006,270 in the last ninety days. 1.10% of the stock is currently owned by insiders.

LKQ Corporation Company Profile

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

Institutional Ownership by Quarter for LKQ Corporation (NASDAQ:LKQ)

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