Montag & Caldwell LLC increased its stake in LKQ Corp. (NASDAQ:LKQ) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 43,483 shares of the company’s stock after buying an additional 150 shares during the period. Montag & Caldwell LLC’s holdings in LKQ Corp. were worth $1,378,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of LKQ Corp. by 110.1% in the first quarter. Prudential Financial Inc. now owns 1,650,190 shares of the company’s stock valued at $52,691,000 after buying an additional 864,897 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of LKQ Corp. during the second quarter valued at about $21,068,000. TIAA CREF Investment Management LLC boosted its position in shares of LKQ Corp. by 25.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,385,855 shares of the company’s stock valued at $44,250,000 after buying an additional 284,032 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of LKQ Corp. by 164.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 455,029 shares of the company’s stock valued at $14,424,000 after buying an additional 283,137 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of LKQ Corp. by 273.3% in the second quarter. Nordea Investment Management AB now owns 309,709 shares of the company’s stock valued at $9,818,000 after buying an additional 226,737 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.
LKQ Corp. (NASDAQ:LKQ) traded down 2.854% during mid-day trading on Tuesday, reaching $34.205. 2,508,007 shares of the company were exchanged. LKQ Corp. has a 1-year low of $23.95 and a 1-year high of $36.35. The firm has a market capitalization of $10.50 billion, a P/E ratio of 23.590 and a beta of 0.72. The stock has a 50-day moving average of $35.59 and a 200 day moving average of $33.41.
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, beating the consensus estimate of $0.48 by $0.07. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. LKQ Corp.’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. Equities research analysts forecast that LKQ Corp. will post $1.84 earnings per share for the current year.
LKQ has been the topic of several recent research reports. Zacks Investment Research upgraded shares of LKQ Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, September 14th. Susquehanna started coverage on shares of LKQ Corp. in a report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price target on the stock. Finally, Robert W. Baird restated an “outperform” rating and issued a $36.00 price target on shares of LKQ Corp. in a report on Tuesday, June 28th. Ten investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $38.00.
In other LKQ Corp. news, Director Joseph M. Holsten sold 3,520 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $33.38, for a total transaction of $117,497.60. Following the sale, the director now directly owns 264,447 shares in the company, valued at $8,827,240.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Wagman sold 1,502 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $34.51, for a total transaction of $51,834.02. Following the sale, the chief executive officer now owns 358,654 shares in the company, valued at $12,377,149.54. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
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.
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