Private Trust Co. NA decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,555 shares of the auto parts company’s stock after selling 2,573 shares during the quarter. Private Trust Co. NA’s holdings in LKQ were worth $552,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Oakworth Capital Inc. acquired a new stake in shares of LKQ in the second quarter valued at $26,000. Optimum Investment Advisors grew its stake in shares of LKQ by 211.1% in the second quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after buying an additional 950 shares in the last quarter. Amica Retiree Medical Trust acquired a new stake in shares of LKQ in the second quarter valued at $38,000. Investors Research Corp grew its stake in shares of LKQ by 33.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after buying an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of LKQ by 522.3% in the second quarter. Bessemer Group Inc. now owns 1,817 shares of the auto parts company’s stock valued at $48,000 after buying an additional 1,525 shares in the last quarter. 91.64% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on LKQ shares. Wellington Shields cut LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. Raymond James cut LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Jefferies Financial Group set a $37.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, September 13th. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, Barrington Research set a $43.00 price objective on LKQ and gave the company a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. LKQ has a consensus rating of “Hold” and a consensus price target of $35.00.
LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $0.61 EPS. LKQ’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts expect that LKQ Co. will post 2.33 EPS for the current year.
In other LKQ news, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction dated 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 of the company’s stock, valued at approximately $6,886,384.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company’s stock.
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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