Gradient Investments LLC lifted its position in shares of LKQ Co. (NASDAQ:LKQ) by 30.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 34,678 shares of the auto parts company’s stock after purchasing an additional 8,161 shares during the quarter. Gradient Investments LLC’s holdings in LKQ were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Summit Trail Advisors LLC boosted its stake in LKQ by 5,171.5% in the 1st quarter. Summit Trail Advisors LLC now owns 99,895 shares of the auto parts company’s stock valued at $100,000 after buying an additional 98,000 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in LKQ in the 2nd quarter valued at $115,000. Assetmark Inc. boosted its stake in LKQ by 7,663.0% in the 2nd quarter. Assetmark Inc. now owns 4,192 shares of the auto parts company’s stock valued at $134,000 after buying an additional 4,138 shares in the last quarter. Captrust Financial Advisors boosted its stake in LKQ by 229.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,632 shares of the auto parts company’s stock valued at $148,000 after buying an additional 3,228 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in LKQ in the 2nd quarter valued at $175,000. 89.47% of the stock is currently owned by institutional investors.

LKQ stock opened at $28.53 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20. LKQ Co. has a 52 week low of $28.17 and a 52 week high of $43.86.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.89 billion. LKQ had a return on equity of 14.41% and a net margin of 5.21%. The business’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Research analysts anticipate that LKQ Co. will post 2.29 earnings per share for the current year.

Several brokerages recently commented on LKQ. Barrington Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of LKQ in a research note on Thursday, July 26th. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, August 7th. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, BidaskClub lowered LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. LKQ has a consensus rating of “Buy” and a consensus target price of $43.00.

In other LKQ news, EVP John S. Quinn sold 8,019 shares of the business’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total value of $268,716.69. Following the transaction, the executive vice president now owns 265,014 shares of the company’s stock, valued at $8,880,619.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

LKQ Profile

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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