Friedberg Investment Management decreased its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 91.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,800 shares of the auto parts company’s stock after selling 87,240 shares during the period. Friedberg Investment Management’s holdings in LKQ Corporation were worth $228,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Brown Capital Management LLC bought a new stake in shares of LKQ Corporation during the first quarter worth about $432,000. Northwestern Mutual Investment Management Company LLC increased its stake in shares of LKQ Corporation by 76.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 62,260 shares of the auto parts company’s stock worth $1,822,000 after buying an additional 26,949 shares during the last quarter. Airain ltd bought a new stake in shares of LKQ Corporation during the first quarter worth about $959,000. Century Capital Management LLC bought a new stake in shares of LKQ Corporation during the first quarter worth about $2,028,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of LKQ Corporation by 2.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 772,466 shares of the auto parts company’s stock worth $22,610,000 after buying an additional 16,936 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Corporation (NASDAQ LKQ) traded down 0.25% during midday trading on Friday, reaching $32.43. 2,692,369 shares of the company’s stock were exchanged. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $36.35. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 20.64 and a beta of 0.77. The firm’s 50 day moving average is $31.58 and its 200 day moving average is $31.13.
LKQ Corporation (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. LKQ Corporation had a return on equity of 16.54% and a net margin of 5.21%. LKQ Corporation’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that LKQ Corporation will post $1.87 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This story was first reported by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/06/16/lkq-co-lkq-stake-lowered-by-friedberg-investment-management-updated-updated.html.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of LKQ Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of LKQ Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. FBR & Co reiterated an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of LKQ Corporation in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research note on Thursday, April 27th. Finally, William Blair reiterated an “outperform” rating on shares of LKQ Corporation in a research note on Monday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.14.
In other news, insider Robert L. Wagman sold 30,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $30.13, for a total value of $903,900.00. Following the completion of the transaction, the insider now directly owns 319,380 shares of the company’s stock, valued at $9,622,919.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Hanser sold 1,024 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $31.49, for a total value of $32,245.76. Following the completion of the transaction, the director now directly owns 3,552 shares of the company’s stock, valued at $111,852.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,024 shares of company stock valued at $1,733,446. 1.10% of the stock is currently owned by insiders.
LKQ Corporation Company Profile
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
Receive News & Ratings for LKQ Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ Corporation and related companies with MarketBeat.com's FREE daily email newsletter.