Genesee Valley Trust Co. Lowers Position in LKQ Corp. (LKQ)
Genesee Valley Trust Co. lowered its stake in shares of LKQ Corp. (NASDAQ:LKQ) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 hedge funds have also recently made changes to their positions in LKQ. Strs Ohio boosted its stake in shares of LKQ Corp. by 0.9% in the second quarter. Strs Ohio now owns 1,339,403 shares of the company’s stock worth $42,459,000 after buying an additional 11,868 shares during the last quarter. Coyle Financial Counsel LLC boosted its stake in shares of LKQ Corp. by 1.8% in the second quarter. Coyle Financial Counsel LLC now owns 77,551 shares of the company’s stock worth $2,458,000 after buying an additional 1,375 shares during the last quarter. Norris Perne & French LLP MI boosted its stake in shares of LKQ Corp. by 5.9% in the second quarter. Norris Perne & French LLP MI now owns 218,840 shares of the company’s stock worth $6,937,000 after buying an additional 12,280 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of LKQ Corp. during the second quarter worth $21,068,000. Finally, Shell Asset Management Co. boosted its stake in shares of LKQ Corp. by 30.1% in the second quarter. Shell Asset Management Co. now owns 21,118 shares of the company’s stock worth $669,000 after buying an additional 4,887 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Shares of LKQ Corp. (NASDAQ:LKQ) traded up 0.96% during trading on Thursday, reaching $35.74. The company’s stock had a trading volume of 2,364,347 shares. The company’s 50-day moving average is $35.47 and its 200-day moving average is $33.14. The company has a market capitalization of $10.98 billion, a P/E ratio of 24.65 and a beta of 0.74. LKQ Corp. has a 12 month low of $23.95 and a 12 month high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last released its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, analysts forecast that LKQ Corp. will post $1.84 EPS for the current fiscal year.
LKQ has been the topic of several analyst reports. Zacks Investment Research upgraded LKQ Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, September 14th. Susquehanna initiated coverage on LKQ Corp. in a research report on Thursday, August 25th. They issued a “positive” rating and a $42.00 target price on the stock. Robert W. Baird restated an “outperform” rating and issued a $36.00 target price on shares of LKQ Corp. in a research report on Tuesday, June 28th. Finally, Sterne Agee CRT restated a “buy” rating and issued a $40.00 target price on shares of LKQ Corp. in a research report on Thursday, May 26th. Ten investment analysts have rated the stock with a buy rating, LKQ Corp. presently has an average rating of “Buy” and a consensus target price of $38.00.
In other LKQ Corp. news, insider Robert L. Wagman sold 20,100 shares of LKQ Corp. stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $34.07, for a total transaction of $684,807.00. Following the sale, the insider now directly owns 360,456 shares of the company’s stock, valued at $12,280,735.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph M. Holsten sold 16,000 shares of LKQ Corp. stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $36.00, for a total value of $576,000.00. Following the sale, the director now directly owns 280,447 shares in the company, valued at $10,096,092. The disclosure for this sale can be found here. Corporate 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.
Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Corp. (NASDAQ:LKQ).
Receive News & Ratings for LKQ Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ Corp. and related companies with MarketBeat.com's FREE daily email newsletter.