LKQ Co. (NASDAQ:LKQ) Shares Sold by Cwm LLC

Cwm LLC decreased its holdings in LKQ Co. (NASDAQ:LKQ) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,597 shares of the auto parts company’s stock after selling 1,053 shares during the quarter. Cwm LLC’s holdings in LKQ were worth $183,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in LKQ by 552.8% in the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in LKQ by 7.9% in the 2nd 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 last quarter. Cooke & Bieler LP increased its stake in shares of LKQ by 39.8% in the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares during the period. Boston Partners increased its stake in shares of LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after purchasing an additional 712,698 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of LKQ by 230.3% during the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock valued at $42,053,000 after buying an additional 705,040 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $37.78 on Thursday. The business has a fifty day simple moving average of $40.12 and a 200 day simple moving average of $42.11. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 12.27 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.05). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. As a group, sell-side analysts predict that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Andrew C. Clarke bought 7,600 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased 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 approximately $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Andrew C. Clarke bought 7,600 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now directly owns 10,519 shares in the company, valued at $417,604.30. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was purchased at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 12,600 shares of company stock valued at $500,870 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

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.