Qube Research & Technologies Ltd trimmed its position in LKQ Co. (NASDAQ:LKQ) by 37.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,519 shares of the auto parts company’s stock after selling 8,090 shares during the quarter. Qube Research & Technologies Ltd’s holdings in LKQ were worth $360,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of LKQ. Icon Wealth Partners LLC bought a new stake in LKQ during the first quarter worth approximately $31,000. Investors Research Corp bought a new stake in LKQ during the first quarter worth approximately $34,000. Optimum Investment Advisors increased its stake in LKQ by 211.1% during the second quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 950 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in LKQ during the second quarter worth approximately $38,000. Finally, Bessemer Group Inc. increased its stake in LKQ by 522.3% during the second quarter. Bessemer Group Inc. now owns 1,817 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 1,525 shares during the last quarter. 91.47% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:LKQ traded down $0.28 during trading hours on Tuesday, reaching $26.03. The company’s stock had a trading volume of 11,606 shares, compared to its average volume of 2,872,517. The company has a market capitalization of $7.88 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. LKQ Co. has a 12 month low of $22.74 and a 12 month high of $34.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 2.20. The stock has a 50 day moving average price of $26.11 and a two-hundred day moving average price of $27.37.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.28 billion. LKQ had a net margin of 3.36% and a return on equity of 14.54%. LKQ’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, analysts predict that LKQ Co. will post 2.33 EPS for the current fiscal year.
In other news, EVP John S. Quinn sold 10,721 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total transaction of $289,895.84. Following the transaction, the executive vice president now directly owns 254,674 shares of the company’s stock, valued at $6,886,384.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.
Several research analysts have issued reports on the company. TheStreet lowered LKQ from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Wellington Shields lowered LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. Raymond James lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 26th. ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, BidaskClub lowered LKQ from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.50.
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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