Morris Capital Advisors LLC Sells 2,833 Shares of LKQ Co. (NASDAQ:LKQ)

Morris Capital Advisors LLC trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,215 shares of the auto parts company’s stock after selling 2,833 shares during the period. LKQ comprises 1.9% of Morris Capital Advisors LLC’s portfolio, making the stock its 25th largest position. Morris Capital Advisors LLC’s holdings in LKQ were worth $2,145,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in LKQ by 25.6% in the first quarter. First Trust Advisors LP now owns 650,140 shares of the auto parts company’s stock worth $18,451,000 after purchasing an additional 132,362 shares during the period. Fulton Bank N.A. grew its holdings in shares of LKQ by 5.9% during the second quarter. Fulton Bank N.A. now owns 37,898 shares of the auto parts company’s stock valued at $1,009,000 after buying an additional 2,120 shares during the last quarter. Investors Research Corp grew its holdings in shares of LKQ by 33.3% during 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 during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of LKQ by 8.9% during the second quarter. Crossmark Global Holdings Inc. now owns 42,821 shares of the auto parts company’s stock valued at $1,139,000 after buying an additional 3,514 shares during the last quarter. Finally, First National Bank of Omaha grew its holdings in shares of LKQ by 0.6% during the second quarter. First National Bank of Omaha now owns 196,875 shares of the auto parts company’s stock valued at $5,239,000 after buying an additional 1,220 shares during the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

LKQ stock traded up $0.23 on Monday, hitting $31.48. The company had a trading volume of 63,211 shares, compared to its average volume of 1,899,771. LKQ Co. has a 12-month low of $22.74 and a 12-month high of $33.17. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock’s 50-day simple moving average is $30.02 and its 200 day simple moving average is $27.92. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.96 and a beta of 1.32.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts forecast that LKQ Co. will post 2.32 earnings per share for the current year.

A number of equities research analysts have recently commented on LKQ shares. Raymond James cut shares of LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th. Wellington Shields cut shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a report on Thursday, July 25th. TheStreet upgraded shares of LKQ from a “c+” rating to a “b-” rating in a report on Tuesday, September 24th. Jefferies Financial Group set a $37.00 price target on shares of LKQ and gave the company a “buy” rating in a report on Friday, September 13th. Finally, BidaskClub cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. LKQ currently has an average rating of “Hold” and a consensus target price of $35.00.

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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