First Republic Investment Management Inc. raised its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,837 shares of the auto parts company’s stock after buying an additional 6,820 shares during the quarter. First Republic Investment Management Inc.’s holdings in LKQ were worth $2,069,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of LKQ in the second quarter valued at about $115,000. IFP Advisors Inc grew its holdings in shares of LKQ by 605.9% in the first quarter. IFP Advisors Inc now owns 3,614 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 3,102 shares during the period. Assetmark Inc. grew its holdings in shares of LKQ by 7,663.0% in the second quarter. Assetmark Inc. now owns 4,192 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 4,138 shares during the period. Captrust Financial Advisors grew its holdings in shares of LKQ by 229.9% in the second quarter. Captrust Financial Advisors now owns 4,632 shares of the auto parts company’s stock valued at $148,000 after purchasing an additional 3,228 shares during the period. Finally, Point72 Asia Hong Kong Ltd grew its holdings in shares of LKQ by 4,221.7% in the first quarter. Point72 Asia Hong Kong Ltd now owns 4,970 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 4,855 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

LKQ has been the subject of several research analyst reports. BidaskClub lowered shares of LKQ from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of LKQ from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Friday, July 6th. Finally, ValuEngine raised shares of LKQ from a “sell” rating to a “hold” rating in a research note on Sunday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $43.89.

In other LKQ news, Director Guhan Subramanian purchased 1,500 shares of LKQ stock in a transaction dated Thursday, June 21st. The shares were acquired at an average price of $32.31 per share, with a total value of $48,465.00. Following the completion of the transaction, the director now owns 29,081 shares of the company’s stock, valued at $939,607.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Quinn sold 8,019 shares of the stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total transaction of $268,716.69. Following the sale, the executive vice president now directly owns 265,014 shares in the company, valued at approximately $8,880,619.14. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

Shares of LKQ stock opened at $32.04 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 0.96 and a beta of 1.21. LKQ Co. has a 1-year low of $29.60 and a 1-year high of $43.86.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 26th. The auto parts company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.89 billion. LKQ had a net margin of 5.21% and a return on equity of 14.41%. LKQ’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. equities research analysts anticipate that LKQ Co. will post 2.29 earnings per share for the current fiscal year.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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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