Trust Co. of Oklahoma Sells 778 Shares of LKQ Co. (NASDAQ:LKQ)

Trust Co. of Oklahoma trimmed its stake in LKQ Co. (NASDAQ:LKQ) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the auto parts company’s stock after selling 778 shares during the period. Trust Co. of Oklahoma’s holdings in LKQ were worth $285,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in LKQ by 14.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock valued at $89,622,000 after purchasing an additional 485,510 shares during the last quarter. Geode Capital Management LLC increased its stake in LKQ by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock valued at $101,069,000 after buying an additional 316,437 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in LKQ in the 4th quarter valued at $203,000. Huntington National Bank increased its stake in LKQ by 183.1% in the 1st quarter. Huntington National Bank now owns 6,484 shares of the auto parts company’s stock valued at $184,000 after buying an additional 4,194 shares during the period. Finally, Reinhart Partners Inc. increased its stake in LKQ by 11.8% in the 1st quarter. Reinhart Partners Inc. now owns 934,191 shares of the auto parts company’s stock valued at $26,512,000 after buying an additional 98,474 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.

A number of research firms have recently weighed in on LKQ. TheStreet cut shares of LKQ from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. BidaskClub raised shares of LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Barrington Research set a $43.00 price objective on shares of LKQ and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, Raymond James cut shares of LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.50.

In other news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the transaction, the executive vice president now directly owns 254,674 shares in the company, valued at approximately $6,886,384.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert M. Hanser sold 1,131 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total transaction of $31,588.83. Following the transaction, the director now owns 13,923 shares in the company, valued at $388,869.39. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.

NASDAQ:LKQ traded down $0.47 on Monday, reaching $25.08. The stock had a trading volume of 216,543 shares, compared to its average volume of 2,993,888. The stock has a market cap of $8.02 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock’s fifty day simple moving average is $26.46. LKQ Co. has a 12-month low of $22.74 and a 12-month high of $34.74.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.28 billion. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, analysts anticipate that LKQ Co. will post 2.34 earnings per share for the current year.

LKQ Company 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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