Texas Permanent School Fund lowered its stake in LKQ Co. (NASDAQ:LKQ) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,410 shares of the auto parts company’s stock after selling 3,144 shares during the period. Texas Permanent School Fund’s holdings in LKQ were worth $1,806,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in LKQ. Fulton Bank N.A. increased its holdings in shares of LKQ by 5.9% in 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 purchasing an additional 2,120 shares during the period. Investors Research Corp increased its holdings 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 purchasing an additional 400 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of LKQ by 8.9% in 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 purchasing an additional 3,514 shares during the period. First National Bank of Omaha increased its holdings in shares of LKQ by 0.6% in 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 purchasing an additional 1,220 shares during the period. Finally, Gyroscope Capital Management Group LLC increased its holdings in shares of LKQ by 7.2% in the second quarter. Gyroscope Capital Management Group LLC now owns 28,065 shares of the auto parts company’s stock valued at $748,000 after purchasing an additional 1,873 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on LKQ shares. Raymond James downgraded LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Barrington Research restated a “buy” rating and issued a $42.50 price target on shares of LKQ in a research note on Monday, October 28th. TheStreet upgraded LKQ from a “c+” rating to a “b-” rating in a research note on Tuesday, September 24th. ValuEngine downgraded LKQ from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Finally, Wolfe Research set a $41.00 price target on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. LKQ currently has an average rating of “Hold” and a consensus target price of $38.44.
LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts anticipate that LKQ Co. will post 2.34 EPS for the current fiscal year.
In related news, Director Blythe J. Mcgarvie sold 13,692 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $35.62, for a total value of $487,709.04. Following the completion of the transaction, the director now directly owns 20,993 shares in the company, valued at $747,770.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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