Villere ST Denis J & Co. LLC Sells 5,400 Shares of LKQ Corp. (LKQ)
Villere ST Denis J & Co. LLC cut its stake in shares of LKQ Corp. (NASDAQ:LKQ) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 2,782,360 shares of the company’s stock after selling 5,400 shares during the period. LKQ Corp. comprises 6.1% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 3rd largest position. Villere ST Denis J & Co. LLC’s holdings in LKQ Corp. were worth $98,662,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in LKQ. Kalmar Investments Inc. DE boosted its position in LKQ Corp. by 5.2% in the second quarter. Kalmar Investments Inc. DE now owns 1,271,874 shares of the company’s stock worth $40,318,000 after buying an additional 63,061 shares in the last quarter. GW&K Investment Management LLC boosted its position in LKQ Corp. by 16.5% in the second quarter. GW&K Investment Management LLC now owns 377,741 shares of the company’s stock worth $11,974,000 after buying an additional 53,545 shares in the last quarter. Ballentine Partners LLC bought a new position in LKQ Corp. during the second quarter worth about $11,241,000. Ngam Advisors L.P. boosted its position in LKQ Corp. by 38.8% in the second quarter. Ngam Advisors L.P. now owns 933,259 shares of the company’s stock worth $29,584,000 after buying an additional 260,917 shares in the last quarter. Finally, Strs Ohio boosted its position in 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 in the last quarter. Institutional investors own 89.16% of the company’s stock.
LKQ Corp. (NASDAQ:LKQ) opened at 32.83 on Thursday. LKQ Corp. has a 12-month low of $23.95 and a 12-month high of $36.35. The stock has a market cap of $10.10 billion, a PE ratio of 21.46 and a beta of 0.55. The firm has a 50-day moving average of $32.62 and a 200-day moving average of $33.54.
LKQ Corp. (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. LKQ Corp. had a net margin of 5.48% and a return on equity of 16.41%. The company earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s revenue was up 30.3% on a year-over-year basis. Equities analysts predict that LKQ Corp. will post $1.81 earnings per share for the current fiscal year.
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LKQ has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of LKQ Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Susquehanna initiated coverage on shares of LKQ Corp. in a report on Thursday, August 25th. They set a “positive” rating and a $42.00 target price for the company. FBR & Co reissued an “outperform” rating and set a $40.00 target price on shares of LKQ Corp. in a report on Wednesday, October 5th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $37.00 target price on shares of LKQ Corp. in a report on Tuesday. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $38.25.
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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