Swiss National Bank trimmed its stake in LKQ Co. (NASDAQ:LKQ) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,035,700 shares of the auto parts company’s stock after selling 25,400 shares during the period. Swiss National Bank’s holdings in LKQ were worth $27,560,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of LKQ. Sigma Planning Corp lifted its stake in shares of LKQ by 38.1% during the 2nd quarter. Sigma Planning Corp now owns 22,850 shares of the auto parts company’s stock worth $608,000 after acquiring an additional 6,302 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of LKQ by 5.5% during the 2nd quarter. Stephens Inc. AR now owns 182,596 shares of the auto parts company’s stock worth $4,859,000 after acquiring an additional 9,560 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in shares of LKQ during the 2nd quarter worth approximately $38,000. DekaBank Deutsche Girozentrale lifted its stake in shares of LKQ by 39.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 126,470 shares of the auto parts company’s stock worth $3,384,000 after acquiring an additional 35,995 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of LKQ by 3.6% during the 2nd quarter. Advisory Services Network LLC now owns 26,637 shares of the auto parts company’s stock worth $709,000 after acquiring an additional 935 shares during the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.
In other news, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.
LKQ (NASDAQ:LKQ) last announced its quarterly 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. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business posted $0.61 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Research analysts predict that LKQ Co. will post 2.33 EPS for the current year.
LKQ has been the subject of a number of research analyst reports. TheStreet lowered LKQ from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Raymond James lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 26th. BidaskClub lowered LKQ from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Finally, Wellington Shields lowered LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, two 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 target price of $34.50.
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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