LKQ Corp. (LKQ) Stake Reduced by Green Square Capital LLC
Green Square Capital LLC reduced its position in shares of LKQ Corp. (NASDAQ:LKQ) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 33,296 shares of the company’s stock after selling 1,404 shares during the period. Green Square Capital LLC’s holdings in LKQ Corp. were worth $1,055,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC bought a new position in shares of LKQ Corp. during the second quarter valued at approximately $206,000. Shufro Rose & Co. LLC bought a new position in shares of LKQ Corp. during the first quarter valued at approximately $335,000. Parametrica Management Ltd bought a new position in shares of LKQ Corp. during the first quarter valued at approximately $357,000. Boothbay Fund Management LLC bought a new position in shares of LKQ Corp. during the first quarter valued at approximately $392,000. Finally, Eqis Capital Management Inc. raised its position in shares of LKQ Corp. by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 12,425 shares of the company’s stock valued at $394,000 after buying an additional 817 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
LKQ Corp. (NASDAQ:LKQ) traded up 0.31% during trading on Wednesday, hitting $35.40. 2,155,625 shares of the stock traded hands. LKQ Corp. has a 12 month low of $23.95 and a 12 month high of $36.35. The firm’s 50-day moving average is $35.44 and its 200-day moving average is $33.12. The stock has a market cap of $10.87 billion, a P/E ratio of 24.41 and a beta of 0.74.
LKQ Corp. (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. The business earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, analysts forecast that LKQ Corp. will post $1.84 EPS for the current year.
LKQ has been the subject of several research analyst reports. Sterne Agee CRT reaffirmed a “buy” rating and issued a $40.00 price objective on shares of LKQ Corp. in a research report on Thursday, May 26th. Zacks Investment Research lowered shares of LKQ Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of LKQ Corp. in a research report on Tuesday, June 28th. Finally, Susquehanna initiated coverage on shares of LKQ Corp. in a research report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $38.00.
In related news, CEO Robert L. Wagman sold 1,502 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $34.51, for a total value of $51,834.02. Following the completion of the transaction, the chief executive officer now directly owns 358,654 shares of the company’s stock, valued at $12,377,149.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Holsten sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $36.00, for a total value of $576,000.00. Following the completion of the transaction, the director now directly owns 280,447 shares of the company’s stock, valued at $10,096,092. 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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