Landscape Capital Management L.L.C. boosted its stake in LKQ Co. (NASDAQ:LKQ) by 248.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,994 shares of the auto parts company’s stock after acquiring an additional 75,606 shares during the period. Landscape Capital Management L.L.C.’s holdings in LKQ were worth $2,821,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new position in LKQ during the 2nd quarter worth approximately $26,000. Icon Wealth Partners LLC acquired a new position in LKQ during the 1st quarter worth approximately $31,000. Investors Research Corp acquired a new position in LKQ during the 1st quarter worth approximately $34,000. Optimum Investment Advisors increased its position in LKQ by 211.1% during the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 950 shares during the period. Finally, Amica Retiree Medical Trust acquired a new position in LKQ during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.
Several research firms have issued reports on LKQ. Barrington Research set a $43.00 target price on LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd. TheStreet lowered LKQ from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. Zacks Investment Research lowered LKQ from a “hold” rating to a “sell” rating and set a $29.00 price target on the stock. in a research note on Friday, July 26th. Raymond James lowered LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Finally, BidaskClub lowered LKQ from a “hold” rating to a “sell” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.50.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that LKQ Co. will post 2.33 earnings per share for the current fiscal year.
In other news, EVP John S. Quinn sold 10,721 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total transaction of $289,895.84. Following the completion of the sale, the executive vice president now directly owns 254,674 shares in the company, valued at approximately $6,886,384.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.71% of the company’s stock.
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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