PGGM Investments cut its holdings in LKQ Co. (NASDAQ:LKQ) by 25.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,323 shares of the auto parts company’s stock after selling 54,774 shares during the period. PGGM Investments owned about 0.05% of LKQ worth $5,204,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its stake in LKQ by 1.3% in the second quarter. BlackRock Inc. now owns 19,042,477 shares of the auto parts company’s stock valued at $607,456,000 after buying an additional 247,524 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of LKQ by 29.9% during the second quarter. Janus Henderson Group PLC now owns 4,681,976 shares of the auto parts company’s stock worth $149,355,000 after purchasing an additional 1,077,847 shares during the last quarter. Fairpointe Capital LLC grew its holdings in shares of LKQ by 18.8% during the second quarter. Fairpointe Capital LLC now owns 3,646,333 shares of the auto parts company’s stock worth $116,318,000 after purchasing an additional 576,865 shares during the last quarter. Northern Trust Corp grew its holdings in shares of LKQ by 2.5% during the second quarter. Northern Trust Corp now owns 3,526,926 shares of the auto parts company’s stock worth $112,509,000 after purchasing an additional 85,952 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of LKQ by 65.4% during the second quarter. American Century Companies Inc. now owns 3,102,685 shares of the auto parts company’s stock worth $98,976,000 after purchasing an additional 1,226,523 shares during the last quarter. Institutional investors own 89.47% of the company’s stock.
NASDAQ LKQ opened at $28.53 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 2.57. LKQ Co. has a 52-week low of $28.17 and a 52-week high of $43.86. The stock has a market cap of $10.07 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.92 and a beta of 1.20.
LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. LKQ had a return on equity of 14.41% and a net margin of 5.21%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the company posted $0.53 earnings per share. The business’s revenue was up 23.3% on a year-over-year basis. Analysts predict that LKQ Co. will post 2.29 earnings per share for the current fiscal year.
Several brokerages have issued reports on LKQ. Zacks Investment Research lowered LKQ from a “buy” rating to a “hold” rating in a report on Friday. Raymond James dropped their price objective on LKQ from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. BidaskClub lowered LKQ from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 26th. Finally, ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.00.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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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