Columbus Circle Investors bought a new position in LKQ Co. (NASDAQ:LKQ) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 398,217 shares of the auto parts company’s stock, valued at approximately $11,301,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LKQ by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after purchasing an additional 4,128 shares during the last quarter. Lunia Capital LP boosted its position in LKQ by 2,163.3% during the 4th quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock valued at $16,298,000 after acquiring an additional 15,577,728 shares in the last quarter. Fulton Bank N.A. boosted its position in LKQ by 19.0% during the 4th quarter. Fulton Bank N.A. now owns 34,693 shares of the auto parts company’s stock valued at $823,000 after acquiring an additional 5,528 shares in the last quarter. Courant Investment Management LLC boosted its position in LKQ by 8.9% during the 4th quarter. Courant Investment Management LLC now owns 329,559 shares of the auto parts company’s stock valued at $7,820,000 after acquiring an additional 27,000 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in LKQ by 34.0% during the 4th quarter. Bank of America Corp DE now owns 975,422 shares of the auto parts company’s stock valued at $23,147,000 after acquiring an additional 247,407 shares in the last quarter. 93.58% of the stock is currently owned by institutional investors.

In other news, EVP John S. Quinn sold 6,861 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.63, for a total transaction of $189,569.43. Following the completion of the transaction, the executive vice president now directly owns 241,563 shares in the company, valued at $6,674,385.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Barrington Research set a $43.00 price objective on LKQ and gave the company a “buy” rating in a research report on Monday. BidaskClub raised LKQ from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research cut LKQ from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine raised LKQ from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, Guggenheim raised LKQ from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. LKQ has an average rating of “Hold” and a consensus price target of $37.60.

LKQ stock opened at $30.61 on Tuesday. The company has a current ratio of 2.67, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.99 and a beta of 1.27. LKQ Co. has a fifty-two week low of $22.74 and a fifty-two week high of $38.63.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 28th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). LKQ had a net margin of 4.04% and a return on equity of 14.59%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. LKQ’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, analysts forecast that LKQ Co. will post 2.4 earnings per share for the current year.

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LKQ Company Profile

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.

Further Reading: How to Invest in Growth Stocks

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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