Fishman Jay A Ltd. MI lessened its stake in shares of LKQ Co. (NASDAQ:LKQ) by 12.1% during the third quarter, Holdings Channel.com reports. The fund owned 153,250 shares of the auto parts company’s stock after selling 21,000 shares during the period. LKQ comprises 0.9% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 26th largest position. Fishman Jay A Ltd. MI’s holdings in LKQ were worth $4,820,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of LKQ by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 32,048,696 shares of the auto parts company’s stock valued at $852,816,000 after purchasing an additional 293,379 shares during the last quarter. BlackRock Inc. increased its stake in shares of LKQ by 0.6% in the 2nd quarter. BlackRock Inc. now owns 20,148,889 shares of the auto parts company’s stock valued at $536,161,000 after purchasing an additional 117,889 shares during the last quarter. Invesco Ltd. increased its stake in shares of LKQ by 9.3% in the 2nd quarter. Invesco Ltd. now owns 5,772,934 shares of the auto parts company’s stock valued at $153,618,000 after purchasing an additional 491,522 shares during the last quarter. Southpoint Capital Advisors LP increased its stake in shares of LKQ by 1.0% in the 2nd quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the auto parts company’s stock valued at $133,050,000 after purchasing an additional 50,000 shares during the last quarter. Finally, New Mountain Vantage Advisers L.L.C. increased its stake in shares of LKQ by 81.8% in the 2nd quarter. New Mountain Vantage Advisers L.L.C. now owns 4,704,201 shares of the auto parts company’s stock valued at $125,179,000 after purchasing an additional 2,117,077 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.
In related news, Director Blythe J. Mcgarvie sold 13,692 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $35.62, for a total value of $487,709.04. Following the completion of the sale, the director now directly owns 20,993 shares of the company’s stock, valued at approximately $747,770.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.
Several equities analysts have recently issued reports on the company. SunTrust Banks lifted their price target on LKQ to $40.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus set a $44.00 price target on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Barrington Research reiterated a “buy” rating and issued a $42.50 price target on shares of LKQ in a research note on Monday, October 28th. Guggenheim set a $38.00 price target on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James lowered LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.44.
LKQ stock traded up $0.10 during midday trading on Friday, reaching $35.20. 1,899,200 shares of the stock were exchanged, compared to its average volume of 2,661,045. LKQ Co. has a 52 week low of $22.74 and a 52 week high of $36.11. The stock has a market capitalization of $11.00 billion, a PE ratio of 16.07, a P/E/G ratio of 1.09 and a beta of 1.32. The company has a fifty day moving average price of $31.89 and a 200 day moving average price of $28.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.18 and a quick ratio of 0.93.
LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, analysts anticipate that LKQ Co. will post 2.34 earnings per share for the current fiscal year.
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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