Tocqueville Asset Management L.P. Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Tocqueville Asset Management L.P. acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 70,000 shares of the auto parts company’s stock, valued at approximately $1,863,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its stake in LKQ by 13.3% during the first quarter. FMR LLC now owns 11,329,024 shares of the auto parts company’s stock worth $321,518,000 after acquiring an additional 1,329,633 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of LKQ by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock worth $101,069,000 after buying an additional 316,437 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of LKQ by 14.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock worth $89,622,000 after buying an additional 485,510 shares in the last quarter. International Value Advisers LLC bought a new position in shares of LKQ during the 1st quarter worth approximately $93,177,000. Finally, FIL Ltd raised its position in shares of LKQ by 41.6% during the first quarter. FIL Ltd now owns 2,176,787 shares of the auto parts company’s stock worth $61,777,000 after purchasing an additional 639,246 shares during the period. 90.72% of the stock is owned by hedge funds and other institutional investors.

Shares of LKQ stock opened at $24.75 on Thursday. 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 company’s 50 day moving average is $26.21. LKQ Co. has a 1 year low of $22.74 and a 1 year high of $34.74. The stock has a market capitalization of $7.72 billion, a P/E ratio of 11.30, a PEG ratio of 0.82 and a beta of 1.33.



LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. LKQ had a return on equity of 14.54% and a net margin of 3.36%. LKQ’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Equities research analysts expect that LKQ Co. will post 2.34 earnings per share for the current fiscal year.

In related news, EVP John S. Quinn sold 10,721 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the completion of the transaction, the executive vice president now owns 254,674 shares in the company, valued at approximately $6,886,384.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by company insiders.

A number of research analysts have issued reports on the company. Wellington Shields downgraded LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. Zacks Investment Research cut LKQ from a “hold” rating to a “sell” rating and set a $29.00 price target on the stock. in a report on Friday, July 26th. TheStreet cut LKQ from a “b-” rating to a “c+” rating in a report on Friday, May 10th. ValuEngine cut LKQ from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Finally, BidaskClub cut LKQ from a “hold” rating to a “sell” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.50.

LKQ Company Profile

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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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