LKQ Co. (LKQ) Stake Lessened by Summit Creek Advisors LLC
Summit Creek Advisors LLC reduced its stake in LKQ Co. (NASDAQ:LKQ) by 0.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 311,607 shares of the auto parts company’s stock after selling 530 shares during the quarter. Summit Creek Advisors LLC owned 0.10% of LKQ worth $8,843,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in LKQ by 2.7% during the third quarter. Vanguard Group Inc now owns 30,855,717 shares of the auto parts company’s stock valued at $977,201,000 after purchasing an additional 810,901 shares during the last quarter. BlackRock Inc. increased its position in shares of LKQ by 3.2% during the fourth quarter. BlackRock Inc. now owns 20,555,282 shares of the auto parts company’s stock valued at $487,777,000 after buying an additional 646,070 shares during the period. Lunia Capital LP increased its position in shares of LKQ by 2,163.3% during the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock valued at $16,298,000 after buying an additional 15,577,728 shares during the period. FMR LLC increased its position in shares of LKQ by 97.1% during the fourth quarter. FMR LLC now owns 9,999,391 shares of the auto parts company’s stock valued at $237,286,000 after buying an additional 4,926,755 shares during the period. Finally, Norges Bank bought a new stake in shares of LKQ during the fourth quarter valued at about $197,821,000. 93.59% of the stock is currently owned by institutional investors.
LKQ has been the topic of several research analyst reports. William Blair cut shares of LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, January 18th. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Guggenheim upgraded shares of LKQ from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, March 6th. ValuEngine upgraded shares of LKQ from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. LKQ has an average rating of “Hold” and a consensus price target of $38.00.
Shares of NASDAQ:LKQ traded down $0.02 during trading on Monday, reaching $30.80. 16,239 shares of the company traded hands, compared to its average volume of 2,259,236. The firm has a market cap of $9.56 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.27. LKQ Co. has a 52-week low of $22.74 and a 52-week high of $39.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.00 and a current ratio of 2.67.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 28th. The auto parts company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.02 billion. LKQ had a net margin of 4.04% and a return on equity of 14.59%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. Research analysts predict that LKQ Co. will post 2.4 EPS for the current year.
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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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