Prudential Financial Inc. cut its stake in shares of LKQ Corp. (NASDAQ:LKQ) by 75.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 405,430 shares of the company’s stock after selling 1,244,760 shares during the period. Prudential Financial Inc. owned 0.13% of LKQ Corp. worth $12,852,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of LKQ. Parkside Financial Bank & Trust raised its stake in LKQ Corp. by 8.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,197 shares of the company’s stock valued at $133,000 after buying an additional 330 shares in the last quarter. Douglass Winthrop Advisors LLC acquired a new stake in LKQ Corp. during the second quarter valued at approximately $206,000. Mn Services Vermogensbeheer B.V. raised its stake 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 valued at $221,000 after buying an additional 180 shares in the last quarter. Wright Investors Service Inc. acquired a new stake in LKQ Corp. during the second quarter valued at approximately $224,000. Finally, Scout Investments Inc. acquired a new stake in LKQ Corp. during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
LKQ Corp. (NASDAQ:LKQ) traded down 0.03% during midday trading on Monday, reaching $35.45. 242,804 shares of the company’s stock were exchanged. LKQ Corp. has a 1-year low of $23.95 and a 1-year high of $36.35. The firm’s 50-day moving average is $35.57 and its 200 day moving average is $33.34. The stock has a market cap of $10.89 billion, a P/E ratio of 24.45 and a beta of 0.72.
LKQ Corp. (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The company earned $2.45 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company earned $0.39 EPS. LKQ Corp.’s revenue was up 33.3% on a year-over-year basis. Equities analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of LKQ Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Robert W. Baird restated an “outperform” rating and issued a $36.00 price target on shares of LKQ Corp. in a research report on Tuesday, June 28th. Finally, Susquehanna started coverage on shares of LKQ Corp. in a research report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price target for the company. Ten investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $38.00.
In related news, EVP John S. Quinn sold 13,085 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $33.11, for a total transaction of $433,244.35. Following the completion of the transaction, the executive vice president now owns 273,272 shares in the company, valued at $9,048,035.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph M. Holsten sold 3,520 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $33.38, for a total transaction of $117,497.60. Following the transaction, the director now owns 264,447 shares of the company’s stock, valued at approximately $8,827,240.86. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
About LKQ Corp.
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.
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