South Dakota Investment Council grew its holdings in LKQ Co. (NASDAQ:LKQ) by 55.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,800 shares of the auto parts company’s stock after purchasing an additional 29,700 shares during the quarter. South Dakota Investment Council’s holdings in LKQ were worth $2,203,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of LKQ in the second quarter worth $26,000. Icon Wealth Partners LLC bought a new stake in LKQ in the 1st quarter valued at $31,000. Optimum Investment Advisors boosted its holdings in LKQ by 211.1% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 950 shares during the period. Amica Retiree Medical Trust acquired a new stake in LKQ in the 2nd quarter worth $38,000. Finally, Investors Research Corp grew its position in LKQ by 33.3% in the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 400 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Shares of NASDAQ:LKQ traded up $0.40 during mid-day trading on Wednesday, reaching $29.06. The stock had a trading volume of 85,250 shares, compared to its average volume of 2,335,843. The firm has a 50 day simple moving average of $26.12 and a two-hundred day simple moving average of $27.31. The firm has a market cap of $8.44 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.84 and a beta of 1.31. LKQ Co. has a twelve month low of $22.74 and a twelve month high of $33.52. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, equities analysts anticipate that LKQ Co. will post 2.33 EPS for the current fiscal year.

In other LKQ news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the completion of the sale, the executive vice president now directly owns 254,674 shares in the company, valued at $6,886,384.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by insiders.

LKQ has been the topic of several research reports. Wellington Shields lowered LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. Zacks Investment Research cut LKQ from a “hold” rating to a “sell” rating and set a $29.00 price target on the stock. in a research report on Tuesday. Raymond James lowered shares of LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th. Finally, BidaskClub cut LKQ from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.50.

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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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