BB&T Securities LLC bought a new stake in shares of LKQ Co. (NASDAQ:LKQ) in the second quarter, HoldingsChannel.com reports. The fund bought 13,151 shares of the auto parts company’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Montecito Bank & Trust grew its holdings in shares of LKQ by 19.2% during the second quarter. Montecito Bank & Trust now owns 10,373 shares of the auto parts company’s stock valued at $331,000 after buying an additional 1,669 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of LKQ by 8.0% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 23,495 shares of the auto parts company’s stock valued at $749,000 after buying an additional 1,744 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of LKQ by 3.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 47,786 shares of the auto parts company’s stock valued at $1,525,000 after buying an additional 1,781 shares during the last quarter. Buffington Mohr McNeal grew its holdings in shares of LKQ by 14.2% during the second quarter. Buffington Mohr McNeal now owns 14,510 shares of the auto parts company’s stock valued at $463,000 after buying an additional 1,800 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of LKQ by 19.3% during the second quarter. Daiwa Securities Group Inc. now owns 11,418 shares of the auto parts company’s stock valued at $364,000 after buying an additional 1,850 shares during the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on LKQ. ValuEngine upgraded shares of LKQ from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Zacks Investment Research upgraded shares of LKQ from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, August 7th. Wellington Shields upgraded shares of LKQ from an “accumulate” rating to a “buy” rating in a report on Thursday, May 31st. BidaskClub upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Finally, Barrington Research restated a “buy” rating and issued a $45.00 target price on shares of LKQ in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.89.

In other news, EVP John S. Quinn sold 8,019 shares of LKQ stock in a transaction on Tuesday, July 17th. The shares were sold at an average price of $33.51, for a total transaction of $268,716.69. Following the transaction, the executive vice president now owns 265,014 shares in the company, valued at approximately $8,880,619.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

Shares of LKQ stock opened at $32.39 on Monday. LKQ Co. has a 12-month low of $29.60 and a 12-month high of $43.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 2.57. The company has a market capitalization of $10.30 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.94 and a beta of 1.21.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.89 billion. LKQ had a net margin of 5.21% and a return on equity of 14.41%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. equities analysts predict that LKQ Co. will post 2.29 EPS for the current year.

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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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