Parametric Portfolio Associates LLC Grows Stock Position in LKQ Co. (NASDAQ:LKQ)

Parametric Portfolio Associates LLC boosted its position in LKQ Co. (NASDAQ:LKQ) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 896,516 shares of the auto parts company’s stock after buying an additional 76,574 shares during the period. Parametric Portfolio Associates LLC’s holdings in LKQ were worth $28,195,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of LKQ in the second quarter valued at about $26,000. Optimum Investment Advisors grew its stake in LKQ by 211.1% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 950 shares during the period. Amica Retiree Medical Trust acquired a new position in LKQ in the 2nd quarter valued at $38,000. CSat Investment Advisory L.P. raised its holdings in LKQ by 63.1% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,003 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 775 shares during the last quarter. Finally, NEXT Financial Group Inc raised its holdings in LKQ by 20.7% in the third quarter. NEXT Financial Group Inc now owns 1,889 shares of the auto parts company’s stock valued at $59,000 after buying an additional 324 shares during the period. 89.51% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Scott A. Romberger sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $19.96, for a total transaction of $199,600.00. Also, Director Blythe J. Mcgarvie sold 13,692 shares of the 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 sale, the director now directly owns 20,993 shares in the company, valued at $747,770.66. The disclosure for this sale can be found here. Insiders have sold a total of 27,506 shares of company stock worth $822,020 over the last quarter. Insiders own 0.71% of the company’s stock.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of LKQ from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 1st. ValuEngine downgraded LKQ from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Wolfe Research set a $41.00 price objective on LKQ and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus set a $44.00 target price on LKQ and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.44.

NASDAQ LKQ opened at $34.42 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 2.18. LKQ Co. has a one year low of $22.74 and a one year high of $36.21. The company has a 50-day simple moving average of $33.98 and a 200-day simple moving average of $28.99. The firm has a market capitalization of $10.81 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.08 and a beta of 1.33.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. LKQ had a net margin of 3.50% and a return on equity of 14.79%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company posted $0.56 earnings per share. LKQ’s revenue was up .8% on a year-over-year basis. Equities analysts forecast that LKQ Co. will post 2.34 earnings per share for the current year.

LKQ 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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