LKQ Co. (LKQ) Shares Bought by Marshall Wace LLP

Marshall Wace LLP lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 2,889.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,339,452 shares of the auto parts company’s stock after acquiring an additional 1,294,650 shares during the period. Marshall Wace LLP’s holdings in LKQ were worth $42,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LKQ. Piedmont Investment Advisors LLC purchased a new position in LKQ during the 2nd quarter worth approximately $115,000. Patriot Financial Group Insurance Agency LLC grew its stake in LKQ by 2,700.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,200 shares of the auto parts company’s stock worth $133,000 after buying an additional 4,050 shares during the last quarter. Assetmark Inc. grew its stake in LKQ by 7,663.0% during the 2nd quarter. Assetmark Inc. now owns 4,192 shares of the auto parts company’s stock worth $134,000 after buying an additional 4,138 shares during the last quarter. Captrust Financial Advisors grew its stake in LKQ by 229.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,632 shares of the auto parts company’s stock worth $148,000 after buying an additional 3,228 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in LKQ by 119.2% during the 2nd quarter. Macquarie Group Ltd. now owns 5,700 shares of the auto parts company’s stock worth $182,000 after buying an additional 3,100 shares during the last quarter. 90.09% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Varun Laroyia acquired 1,000 shares of LKQ stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average cost of $26.50 per share, with a total value of $26,500.00. Following the completion of the acquisition, the vice president now owns 75,673 shares in the company, valued at approximately $2,005,334.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dominick P. Zarcone acquired 2,000 shares of LKQ stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average cost of $26.55 per share, with a total value of $53,100.00. Following the completion of the acquisition, the insider now owns 259,080 shares of the company’s stock, valued at approximately $6,878,574. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.



Several research analysts have weighed in on the company. BidaskClub downgraded LKQ from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 26th. Zacks Investment Research downgraded LKQ from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. ValuEngine downgraded LKQ from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Raymond James lowered their target price on LKQ from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Finally, TheStreet downgraded LKQ from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $43.25.

Shares of LKQ stock traded up $0.15 during trading on Friday, reaching $26.51. The company’s stock had a trading volume of 54,852 shares, compared to its average volume of 2,492,490. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 1.04. LKQ Co. has a 12-month low of $25.35 and a 12-month high of $43.86. The company has a market cap of $8.48 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.80 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.12 billion. LKQ had a return on equity of 14.55% and a net margin of 5.01%. On average, equities research analysts anticipate that LKQ Co. will post 2.21 EPS for the current fiscal year.

LKQ declared that its board has authorized a share buyback program on Thursday, October 25th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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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