Raymond James Financial Services Advisors Inc. reduced its stake in LKQ Co. (NASDAQ:LKQ) by 28.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,608 shares of the auto parts company’s stock after selling 14,461 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in LKQ were worth $959,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of LKQ. Parallel Advisors LLC boosted its position in shares of LKQ by 80.7% in the 1st quarter. Parallel Advisors LLC now owns 1,384 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 618 shares during the last quarter. Synovus Financial Corp lifted its holdings in LKQ by 23.3% during the first quarter. Synovus Financial Corp now owns 2,701 shares of the auto parts company’s stock worth $57,000 after acquiring an additional 511 shares in the last quarter. Global Trust Asset Management LLC bought a new position in LKQ during the second quarter worth about $97,000. Arden Trust Co bought a new position in LKQ during the first quarter worth about $103,000. Finally, AGF Investments Inc. bought a new position in LKQ during the first quarter worth about $134,000. Institutional investors and hedge funds own 90.78% of the company’s stock.
NASDAQ:LKQ opened at $28.19 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 2.11. The stock’s 50-day simple moving average is $26.57 and its 200 day simple moving average is $26.82. The company has a market cap of $8.57 billion, a P/E ratio of 15.57 and a beta of 1.67. LKQ Co. has a 52-week low of $13.31 and a 52-week high of $36.63.
LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 30th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.37. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.40 billion. LKQ had a return on equity of 13.83% and a net margin of 4.72%. LKQ’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, equities analysts predict that LKQ Co. will post 1.61 earnings per share for the current fiscal year.
LKQ has been the topic of several recent analyst reports. Northcoast Research lowered LKQ from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Stephens reduced their target price on LKQ from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Barrington Research initiated coverage on LKQ in a report on Tuesday, June 2nd. They issued a “buy” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on LKQ from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, June 19th. Finally, ValuEngine lowered LKQ from a “sell” rating to a “strong sell” rating in a report on Saturday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $35.33.
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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