Guggenheim Capital LLC decreased its stake in LKQ Co. (NASDAQ:LKQ) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 507,054 shares of the auto parts company’s stock after selling 46,819 shares during the period. Guggenheim Capital LLC owned 0.17% of LKQ worth $10,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Running Oak Capital LLC lifted its holdings in shares of LKQ by 40.0% in the 1st quarter. Running Oak Capital LLC now owns 217,059 shares of the auto parts company’s stock worth $4,452,000 after purchasing an additional 62,067 shares during the last quarter. Optimal Asset Management Inc. raised its stake in LKQ by 250.3% during the 1st quarter. Optimal Asset Management Inc. now owns 51,481 shares of the auto parts company’s stock valued at $1,056,000 after acquiring an additional 36,786 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in LKQ by 20.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 372,291 shares of the auto parts company’s stock valued at $7,636,000 after acquiring an additional 63,178 shares in the last quarter. FDx Advisors Inc. bought a new stake in LKQ during the 1st quarter valued at $325,000. Finally, Patton Albertson Miller Group LLC raised its stake in LKQ by 8.4% during the 1st quarter. Patton Albertson Miller Group LLC now owns 54,325 shares of the auto parts company’s stock valued at $1,114,000 after acquiring an additional 4,212 shares in the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of LKQ stock traded down $0.09 during mid-day trading on Friday, hitting $25.10. 59,819 shares of the stock traded hands, compared to its average volume of 3,084,032. LKQ Co. has a twelve month low of $13.31 and a twelve month high of $36.63. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 13.12 and a beta of 1.65. The company’s 50-day simple moving average is $26.49 and its 200-day simple moving average is $28.43. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.89 and a current ratio of 2.29.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 30th. The auto parts company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. LKQ had a return on equity of 14.85% and a net margin of 4.74%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. Analysts forecast that LKQ Co. will post 1.55 earnings per share for the current year.

Several brokerages have weighed in on LKQ. BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on LKQ from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, June 19th. Barrington Research began coverage on LKQ in a research note on Tuesday, June 2nd. They set a “buy” rating and a $35.00 target price on the stock. Stephens cut their target price on LKQ from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Stifel Nicolaus lowered their price target on LKQ from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.78.

LKQ Profile

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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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