Genesee Valley Trust Co. Lowers Position in LKQ Corp. (LKQ)
Genesee Valley Trust Co. decreased its position in shares of LKQ Corp. (NASDAQ:LKQ) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,890 shares of the company’s stock after selling 400 shares during the period. Genesee Valley Trust Co.’s holdings in LKQ Corp. were worth $314,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in LKQ. Morris Capital Advisors LLC purchased a new position in LKQ Corp. during the first quarter worth about $4,628,000. Apertura Capital LLC purchased a new position in LKQ Corp. during the first quarter worth about $1,596,000. Parametrica Management Ltd purchased a new position in LKQ Corp. during the first quarter worth about $357,000. Torray LLC boosted its position in LKQ Corp. by 49.8% in the first quarter. Torray LLC now owns 1,890,700 shares of the company’s stock worth $60,370,000 after buying an additional 628,185 shares during the period. Finally, Three Peaks Capital Management LLC boosted its position in LKQ Corp. by 16.6% in the first quarter. Three Peaks Capital Management LLC now owns 212,308 shares of the company’s stock worth $6,779,000 after buying an additional 30,169 shares during the period. 89.92% of the stock is currently owned by institutional investors.
LKQ Corp. (NASDAQ:LKQ) traded up 0.96% on Thursday, reaching $35.74. 2,364,347 shares of the company traded hands. LKQ Corp. has a 52-week low of $23.95 and a 52-week high of $36.35. The company has a market capitalization of $10.98 billion, a PE ratio of 24.65 and a beta of 0.74. The stock has a 50-day moving average of $35.47 and a 200 day moving average of $33.14.
LKQ Corp. (NASDAQ:LKQ) last announced its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts forecast that LKQ Corp. will post $1.84 EPS for the current year.
LKQ has been the subject of a number of research analyst reports. Sterne Agee CRT restated a “buy” rating and issued a $40.00 price objective on shares of LKQ Corp. in a research report on Thursday, May 26th. Zacks Investment Research cut shares of LKQ Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Robert W. Baird restated an “outperform” rating and issued a $36.00 price objective on shares of LKQ Corp. in a research report on Tuesday, June 28th. Finally, Susquehanna initiated coverage on shares of LKQ Corp. in a research report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $38.00.
In other LKQ Corp. news, insider Robert L. Wagman sold 20,100 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $34.07, for a total transaction of $684,807.00. Following the transaction, the insider now owns 360,456 shares in the company, valued at approximately $12,280,735.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John S. Quinn sold 13,085 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $33.11, for a total transaction of $433,244.35. Following the transaction, the executive vice president now owns 273,272 shares in the company, valued at approximately $9,048,035.92. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
LKQ Corp. Company Profile
LKQ Corporation (LKQ) is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
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