Norris Perne & French LLP MI Raises Stake in LKQ Corp. (LKQ)
Norris Perne & French LLP MI boosted its stake in LKQ Corp. (NASDAQ:LKQ) by 5.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 218,840 shares of the company’s stock after buying an additional 12,280 shares during the period. LKQ Corp. comprises 1.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 26th largest position. Norris Perne & French LLP MI owned 0.07% of LKQ Corp. worth $6,937,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Three Peaks Capital Management LLC boosted its stake in shares of LKQ Corp. by 16.6% in the first quarter. Three Peaks Capital Management LLC now owns 212,308 shares of the company’s stock valued at $6,779,000 after buying an additional 30,169 shares during the last quarter. Aperio Group LLC boosted its stake in shares of LKQ Corp. by 26.0% in the first quarter. Aperio Group LLC now owns 135,523 shares of the company’s stock valued at $4,327,000 after buying an additional 28,002 shares during the last quarter. Commonwealth Equity Services Inc bought a new stake in shares of LKQ Corp. during the first quarter valued at approximately $510,000. Albert D Mason Inc. boosted its stake in shares of LKQ Corp. by 12.2% in the first quarter. Albert D Mason Inc. now owns 21,223 shares of the company’s stock valued at $678,000 after buying an additional 2,300 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of LKQ Corp. by 24,511.6% in the first quarter. Glenmede Trust Co. NA now owns 362,775 shares of the company’s stock valued at $11,582,000 after buying an additional 361,301 shares during the last quarter. Institutional investors own 91.63% of the company’s stock.
Shares of LKQ Corp. (NASDAQ:LKQ) traded up 0.45% during trading on Monday, hitting $35.62. The stock had a trading volume of 1,741,561 shares. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 24.57 and a beta of 0.74. The firm has a 50 day moving average price of $35.40 and a 200-day moving average price of $33.06. LKQ Corp. has a 52 week low of $23.95 and a 52 week high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 15.82% and a net margin of 5.59%. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, equities research analysts forecast that LKQ Corp. will post $1.84 EPS for the current fiscal year.
Several analysts recently commented on the company. Robert W. Baird reiterated an “outperform” rating and issued a $36.00 target price on shares of LKQ Corp. in a report on Tuesday, June 28th. Zacks Investment Research cut LKQ Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Sterne Agee CRT reiterated a “buy” rating and issued a $40.00 target price on shares of LKQ Corp. in a report on Thursday, May 26th. Finally, Susquehanna assumed coverage on LKQ Corp. in a report on Thursday, August 25th. They issued a “positive” rating and a $42.00 target price on the stock. 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, insider Robert L. Wagman sold 20,100 shares of LKQ Corp. stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $34.07, for a total transaction of $684,807.00. Following the sale, the insider now directly owns 360,456 shares in the company, valued at $12,280,735.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert L. Wagman sold 1,502 shares of LKQ Corp. stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $34.51, for a total value 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 owned by 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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