Kentucky Retirement Systems bought a new stake in LKQ Co. (NASDAQ:LKQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,841 shares of the auto parts company’s stock, valued at approximately $328,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in LKQ. JPMorgan Chase & Co. grew its holdings in shares of LKQ by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 5,938,421 shares of the auto parts company’s stock valued at $188,070,000 after purchasing an additional 181,633 shares during the period. Alliancebernstein L.P. grew its holdings in shares of LKQ by 22.4% in the third quarter. Alliancebernstein L.P. now owns 621,202 shares of the auto parts company’s stock valued at $19,673,000 after purchasing an additional 113,725 shares during the period. BlackRock Inc. grew its holdings in shares of LKQ by 4.6% in the third quarter. BlackRock Inc. now owns 19,909,212 shares of the auto parts company’s stock valued at $630,523,000 after purchasing an additional 866,735 shares during the period. American International Group Inc. boosted its stake in LKQ by 8.3% during the third quarter. American International Group Inc. now owns 123,602 shares of the auto parts company’s stock worth $3,914,000 after buying an additional 9,423 shares during the period. Finally, FMR LLC boosted its stake in LKQ by 157.2% during the third quarter. FMR LLC now owns 5,072,636 shares of the auto parts company’s stock worth $160,650,000 after buying an additional 3,100,431 shares during the period. 93.64% of the stock is currently owned by hedge funds and other institutional investors.
LKQ has been the subject of several research analyst reports. Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. BidaskClub raised shares of LKQ from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. William Blair cut shares of LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, January 18th. Finally, ValuEngine cut shares of LKQ from a “sell” rating to a “strong sell” rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. LKQ has an average rating of “Hold” and an average price target of $37.20.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. LKQ had a net margin of 4.04% and a return on equity of 14.59%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts expect that LKQ Co. will post 2.4 earnings per share for the current fiscal year.
In other LKQ news, EVP John S. Quinn sold 6,861 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $27.63, for a total value of $189,569.43. Following the completion of the sale, the executive vice president now owns 241,563 shares of the company’s stock, valued at $6,674,385.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.71% of the company’s stock.
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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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