LKQ Corporation (LKQ) EVP John S. Quinn Sells 8,230 Shares of Stock
LKQ Corporation (NASDAQ:LKQ) EVP John S. Quinn sold 8,230 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $33.15, for a total value of $272,824.50. Following the completion of the transaction, the executive vice president now owns 254,726 shares in the company, valued at approximately $8,444,166.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of LKQ Corporation (NASDAQ:LKQ) opened at 33.05 on Wednesday. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 21.04 and a beta of 0.84. The stock’s 50 day moving average price is $32.28 and its 200 day moving average price is $31.12. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $36.35.
LKQ Corporation (NASDAQ:LKQ) last issued its earnings results on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. LKQ Corporation had a net margin of 5.21% and a return on equity of 16.54%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Equities research analysts anticipate that LKQ Corporation will post $1.87 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in LKQ Corporation during the fourth quarter worth approximately $3,058,000. Teachers Advisors LLC raised its position in LKQ Corporation by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 376,681 shares of the auto parts company’s stock worth $11,545,000 after buying an additional 21,483 shares in the last quarter. Kentucky Retirement Systems purchased a new position in LKQ Corporation during the fourth quarter worth approximately $684,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in LKQ Corporation during the fourth quarter worth approximately $305,000. Finally, Highbridge Capital Management LLC raised its position in LKQ Corporation by 1,193.6% in the fourth quarter. Highbridge Capital Management LLC now owns 237,528 shares of the auto parts company’s stock worth $7,280,000 after buying an additional 219,166 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.
LKQ has been the topic of several recent research reports. Zacks Investment Research upgraded LKQ Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub cut LKQ Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. FBR & Co reaffirmed an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of LKQ Corporation in a report on Friday, April 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.67.
About LKQ Corporation
LKQ Corporation (LKQ) is a 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, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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