Sumitomo Mitsui DS Asset Management Company Ltd Buys 998 Shares of LKQ Co. (NASDAQ:LKQ)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,567 shares of the auto parts company’s stock after acquiring an additional 998 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in LKQ were worth $1,220,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in LKQ by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after acquiring an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of LKQ by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after purchasing an additional 875,420 shares during the period. Boston Partners raised its holdings in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of LKQ by 1.4% during the first quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock valued at $396,461,000 after acquiring an additional 103,659 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after acquiring an additional 253,639 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the transaction, the director now directly owns 10,519 shares in the company, valued at $417,604.30. This represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other LKQ news, Director Andrew C. Clarke bought 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Justin L. Jude bought 2,500 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the purchase, the chief executive officer now directly owns 207,515 shares in the company, valued at approximately $8,281,923.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 12,600 shares of company stock valued at $500,870 over the last quarter. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on LKQ shares. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Wednesday, September 18th. Robert W. Baird decreased their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, LKQ has an average rating of “Moderate Buy” and an average price target of $58.00.

LKQ Price Performance

NASDAQ:LKQ opened at $37.48 on Wednesday. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The stock has a market cap of $10.00 billion, a P/E ratio of 12.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The company has a fifty day moving average price of $40.15 and a 200 day moving average price of $42.14.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Analysts anticipate that LKQ Co. will post 3.55 earnings per share for the current year.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.