First Mercantile Trust Co. cut its stake in shares of LKQ Corp. (NASDAQ:LKQ) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,193 shares of the company’s stock after selling 849 shares during the period. First Mercantile Trust Co.’s holdings in LKQ Corp. were worth $387,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Mizuho Asset Management Co. Ltd. boosted its position in LKQ Corp. by 143.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,941 shares of the company’s stock worth $125,000 after buying an additional 2,320 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in LKQ Corp. by 8.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,197 shares of the company’s stock worth $133,000 after buying an additional 330 shares in the last quarter. Douglass Winthrop Advisors LLC acquired a new position in LKQ Corp. during the second quarter worth about $206,000. Mn Services Vermogensbeheer B.V. boosted its position in LKQ Corp. by 2.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,736 shares of the company’s stock worth $221,000 after buying an additional 180 shares in the last quarter. Finally, Wright Investors Service Inc. acquired a new position in LKQ Corp. during the second quarter worth about $224,000. Institutional investors own 89.92% of the company’s stock.
LKQ Corp. (NASDAQ:LKQ) opened at 35.41 on Wednesday. The stock’s 50 day moving average price is $35.52 and its 200 day moving average price is $33.28. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 24.42 and a beta of 0.74. LKQ Corp. has a 52-week low of $23.95 and a 52-week high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. The company earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
LKQ has been the subject of a number of research analyst reports. Zacks Investment Research raised LKQ Corp. from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, September 14th. Susquehanna started coverage on LKQ Corp. in a report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price target for the company. Finally, Robert W. Baird reissued an “outperform” rating and set a $36.00 price objective on shares of LKQ Corp. in a report on Tuesday, June 28th. Ten analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $38.00.
In other news, insider Robert L. Wagman sold 20,100 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $34.07, for a total transaction of $684,807.00. Following the completion of the transaction, the insider now directly owns 360,456 shares in the company, valued at $12,280,735.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert L. Wagman sold 1,502 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $34.51, for a total value of $51,834.02. Following the transaction, the chief executive officer now owns 358,654 shares of the company’s stock, valued at $12,377,149.54. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
LKQ Corp. Company Profile
LKQ Corporation (LKQ) is a global 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. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Corp. (NASDAQ:LKQ).
Receive News & Ratings for LKQ Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ Corp. and related companies with MarketBeat.com's FREE daily email newsletter.