Ensign Peak Advisors Inc Lowers Position in LKQ Co. (NASDAQ:LKQ)

Ensign Peak Advisors Inc decreased its position in shares of LKQ Co. (NASDAQ:LKQ) by 21.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,062,813 shares of the auto parts company’s stock after selling 1,096,952 shares during the period. Ensign Peak Advisors Inc owned about 1.32% of LKQ worth $83,330,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. NEXT Financial Group Inc lifted its holdings in shares of LKQ by 110.7% during the fourth quarter. NEXT Financial Group Inc now owns 3,981 shares of the auto parts company’s stock valued at $142,000 after purchasing an additional 2,092 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in LKQ by 1,153.5% in the fourth quarter. Dupont Capital Management Corp now owns 71,574 shares of the auto parts company’s stock worth $2,555,000 after acquiring an additional 65,864 shares in the last quarter. California Public Employees Retirement System boosted its holdings in LKQ by 14.4% in the fourth quarter. California Public Employees Retirement System now owns 751,676 shares of the auto parts company’s stock worth $26,835,000 after acquiring an additional 94,751 shares in the last quarter. W.E. Donoghue & Co. LLC purchased a new stake in shares of LKQ in the fourth quarter worth $2,302,000. Finally, M&G Investment Management Ltd. bought a new position in shares of LKQ during the fourth quarter valued at $478,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

NASDAQ:LKQ traded up $1.38 during trading hours on Tuesday, reaching $26.72. The company had a trading volume of 162,305 shares, compared to its average volume of 2,599,376. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.08 and a beta of 1.66. The company has a current ratio of 2.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average price is $22.97 and its 200-day moving average price is $29.65. LKQ Co. has a 52 week low of $13.31 and a 52 week high of $36.63.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. LKQ had a return on equity of 14.85% and a net margin of 4.74%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. On average, analysts forecast that LKQ Co. will post 1.57 earnings per share for the current fiscal year.

In other LKQ news, Director A Clinton Allen sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $20.75, for a total value of $415,000.00. Following the transaction, the director now directly owns 241,266 shares of the company’s stock, valued at $5,006,269.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

LKQ has been the topic of several recent analyst reports. Stephens cut their price objective on shares of LKQ from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, April 29th. Barrington Research restated a “buy” rating and issued a $35.00 price objective on shares of LKQ in a report on Thursday, April 30th. Zacks Investment Research downgraded LKQ from a “hold” rating to a “sell” rating and set a $24.00 target price on the stock. in a research note on Tuesday, April 28th. Finally, SunTrust Banks reduced their target price on LKQ from $42.00 to $30.00 and set a “buy” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.13.

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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