LKQ Co. (NASDAQ:LKQ) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 11.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,140 shares of the auto parts company’s stock after selling 2,275 shares during the quarter. Gateway Investment Advisers LLC’s holdings in LKQ were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LKQ by 11.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after acquiring an additional 4,128 shares in the last quarter. Lunia Capital LP grew its position in LKQ by 2,163.3% during the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after buying an additional 15,577,728 shares in the last quarter. Fulton Bank N.A. grew its position in LKQ by 19.0% during the fourth quarter. Fulton Bank N.A. now owns 34,693 shares of the auto parts company’s stock worth $823,000 after buying an additional 5,528 shares in the last quarter. Courant Investment Management LLC grew its position in LKQ by 8.9% during the fourth quarter. Courant Investment Management LLC now owns 329,559 shares of the auto parts company’s stock worth $7,820,000 after buying an additional 27,000 shares in the last quarter. Finally, Bank of America Corp DE grew its position in LKQ by 34.0% during the fourth quarter. Bank of America Corp DE now owns 975,422 shares of the auto parts company’s stock worth $23,147,000 after buying an additional 247,407 shares in the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.

Shares of LKQ traded down $0.10 on Friday, hitting $27.32. The company’s stock had a trading volume of 7,303,745 shares, compared to its average volume of 2,678,341. The company has a market capitalization of $8.61 billion, a P/E ratio of 12.47, a PEG ratio of 0.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.36 and a quick ratio of 0.99. LKQ Co. has a fifty-two week low of $22.74 and a fifty-two week high of $36.10.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 25th. The auto parts company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.14 billion. LKQ had a return on equity of 14.39% and a net margin of 3.47%. LKQ’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, sell-side analysts anticipate that LKQ Co. will post 2.38 EPS for the current fiscal year.

In related news, Director Robert M. Hanser sold 1,131 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $27.93, for a total value of $31,588.83. Following the completion of the transaction, the director now owns 13,923 shares in the company, valued at approximately $388,869.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Quinn sold 6,861 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $27.63, for a total transaction of $189,569.43. Following the completion of the transaction, the executive vice president now owns 241,563 shares of the company’s stock, valued at approximately $6,674,385.69. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.

A number of equities research analysts have weighed in on the company. BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. William Blair downgraded LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, January 18th. Zacks Investment Research downgraded LKQ from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. ValuEngine downgraded LKQ from a “sell” rating to a “strong sell” rating in a report on Friday, February 8th. Finally, Barrington Research reaffirmed a “buy” rating on shares of LKQ in a report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. LKQ currently has an average rating of “Hold” and an average target price of $37.20.

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LKQ Profile

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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