GSA Capital Partners LLP cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,428 shares of the auto parts company’s stock after selling 19,606 shares during the period. GSA Capital Partners LLP’s holdings in LKQ were worth $2,566,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC raised its stake in shares of LKQ by 309.4% during the 1st quarter. Global X Management Co. LLC now owns 23,915 shares of the auto parts company’s stock worth $908,000 after acquiring an additional 18,073 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of LKQ by 668.5% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 113,675 shares of the auto parts company’s stock worth $4,245,000 after acquiring an additional 98,883 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of LKQ by 32.0% during the 1st quarter. Fulton Bank N.A. now owns 20,964 shares of the auto parts company’s stock worth $796,000 after acquiring an additional 5,077 shares in the last quarter. Check Capital Management Inc. CA raised its stake in shares of LKQ by 2.7% during the 1st quarter. Check Capital Management Inc. CA now owns 982,057 shares of the auto parts company’s stock worth $37,269,000 after acquiring an additional 25,685 shares in the last quarter. Finally, ARP Americas LP bought a new position in shares of LKQ during the 1st quarter worth approximately $543,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on LKQ shares. Zacks Investment Research upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. BidaskClub lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Wellington Shields upgraded shares of LKQ from a “hold” rating to an “accumulate” rating in a research note on Monday, April 30th. Finally, ValuEngine lowered shares of LKQ from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. LKQ presently has an average rating of “Buy” and an average target price of $43.89.

In other news, EVP John S. Quinn sold 8,019 shares of the stock in a transaction on Tuesday, July 17th. The shares were sold at an average price of $33.51, for a total value of $268,716.69. Following the sale, the executive vice president now owns 265,014 shares in the company, valued at $8,880,619.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dominick P. Zarcone acquired 3,000 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $99,000.00. The disclosure for this purchase can be found here. Insiders bought 6,780 shares of company stock worth $221,747 in the last quarter. Company insiders own 0.80% of the company’s stock.

Shares of LKQ stock opened at $33.61 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. LKQ Co. has a 12-month low of $29.60 and a 12-month high of $43.86. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 0.96 and a beta of 1.07.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.89 billion. LKQ had a net margin of 5.21% and a return on equity of 14.41%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. research analysts forecast that LKQ Co. will post 2.28 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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