Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of LKQ Co. (NASDAQ:LKQ) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,460 shares of the auto parts company’s stock, valued at approximately $351,000.
A number of other large investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LKQ by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after purchasing an additional 4,128 shares during the last quarter. Lunia Capital LP increased its holdings in shares of LKQ by 2,163.3% in the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after purchasing an additional 15,577,728 shares during the last quarter. Courant Investment Management LLC increased its holdings in shares of LKQ by 8.9% in the fourth quarter. Courant Investment Management LLC now owns 329,559 shares of the auto parts company’s stock worth $7,820,000 after purchasing an additional 27,000 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of LKQ by 34.0% in the fourth quarter. Bank of America Corp DE now owns 975,422 shares of the auto parts company’s stock worth $23,147,000 after purchasing an additional 247,407 shares during the last quarter. Finally, Reinhart Partners Inc. bought a new stake in shares of LKQ in the fourth quarter worth about $19,832,000. 93.62% of the stock is currently owned by institutional investors and hedge funds.
In other LKQ news, EVP John S. Quinn sold 6,861 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $27.63, for a total transaction of $189,569.43. Following the completion of the transaction, the executive vice president now owns 241,563 shares in the company, valued at $6,674,385.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by insiders.
LKQ has been the subject of several recent research reports. BidaskClub upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Barrington Research set a $43.00 price target on LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research lowered LKQ from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. TheStreet upgraded LKQ from a “c” rating to a “b-” rating in a research report on Thursday, April 25th. Finally, ValuEngine upgraded LKQ from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. LKQ presently has an average rating of “Hold” and an average price target of $37.20.
LKQ opened at $28.79 on Monday. The stock has a market capitalization of $9.06 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.93 and a beta of 1.29. LKQ Co. has a 12 month low of $22.74 and a 12 month high of $36.10. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.84.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts anticipate that LKQ Co. will post 2.39 earnings per share for the current year.
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.