LKQ Co. (LKQ) Position Lifted by Check Capital Management Inc. CA

Check Capital Management Inc. CA boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,478,503 shares of the auto parts company’s stock after buying an additional 20,470 shares during the period. LKQ makes up approximately 2.3% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 13th largest position. Check Capital Management Inc. CA’s holdings in LKQ were worth $46,824,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in LKQ by 1.3% during the second quarter. BlackRock Inc. now owns 19,042,477 shares of the auto parts company’s stock valued at $607,456,000 after buying an additional 247,524 shares during the period. Janus Henderson Group PLC increased its position in LKQ by 29.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,681,976 shares of the auto parts company’s stock worth $149,355,000 after purchasing an additional 1,077,847 shares during the last quarter. Fairpointe Capital LLC increased its position in LKQ by 18.8% in the 2nd quarter. Fairpointe Capital LLC now owns 3,646,333 shares of the auto parts company’s stock worth $116,318,000 after purchasing an additional 576,865 shares during the last quarter. Northern Trust Corp increased its position in LKQ by 2.5% in the 2nd quarter. Northern Trust Corp now owns 3,526,926 shares of the auto parts company’s stock worth $112,509,000 after purchasing an additional 85,952 shares during the last quarter. Finally, American Century Companies Inc. increased its position in LKQ by 65.4% in the 2nd quarter. American Century Companies Inc. now owns 3,102,685 shares of the auto parts company’s stock worth $98,976,000 after purchasing an additional 1,226,523 shares during the last quarter. 89.46% of the stock is currently owned by hedge funds and other institutional investors.

In other LKQ news, insider Dominick P. Zarcone bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average price of $26.55 per share, for a total transaction of $53,100.00. Following the purchase, the insider now directly owns 259,080 shares in the company, valued at $6,878,574. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Varun Laroyia bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $26.50 per share, with a total value of $26,500.00. Following the purchase, the vice president now owns 75,673 shares in the company, valued at $2,005,334.50. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.



LKQ has been the topic of several research reports. BidaskClub lowered LKQ from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. Zacks Investment Research lowered LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Barrington Research reissued a “buy” rating and set a $45.00 price objective on shares of LKQ in a report on Thursday, July 26th. ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Finally, Raymond James lowered their price objective on LKQ from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $43.22.

Shares of NASDAQ LKQ traded up $0.24 during mid-day trading on Monday, reaching $26.62. 4,369,034 shares of the company traded hands, compared to its average volume of 3,480,549. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 2.65. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.79 and a beta of 1.20. LKQ Co. has a fifty-two week low of $25.35 and a fifty-two week high of $43.86.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. LKQ had a return on equity of 14.55% and a net margin of 5.01%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, equities research analysts forecast that LKQ Co. will post 2.22 earnings per share for the current year.

LKQ announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 25th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the auto parts company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About LKQ

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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