Patton Albertson Miller Group LLC cut its stake in LKQ Corporation (NASDAQ:LKQ) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 17,740 shares of the auto parts company’s stock after selling 748 shares during the period. Patton Albertson Miller Group LLC’s holdings in LKQ Corporation were worth $608,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. KCG Holdings Inc. boosted its stake in shares of LKQ Corporation by 307.5% in the first quarter. KCG Holdings Inc. now owns 67,370 shares of the auto parts company’s stock valued at $1,972,000 after buying an additional 50,837 shares during the period. HighTower Advisors LLC boosted its stake in shares of LKQ Corporation by 8.7% in the first quarter. HighTower Advisors LLC now owns 79,581 shares of the auto parts company’s stock valued at $2,335,000 after buying an additional 6,402 shares during the period. Loews Corp boosted its stake in shares of LKQ Corporation by 19.7% in the first quarter. Loews Corp now owns 365,000 shares of the auto parts company’s stock valued at $10,684,000 after buying an additional 60,000 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of LKQ Corporation by 124.8% in the first quarter. Point72 Asset Management L.P. now owns 512,000 shares of the auto parts company’s stock valued at $14,986,000 after buying an additional 284,200 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in shares of LKQ Corporation during the first quarter valued at approximately $629,000. Institutional investors own 91.81% of the company’s stock.

LKQ Corporation (NASDAQ LKQ) opened at 33.75 on Friday. LKQ Corporation has a 12 month low of $27.85 and a 12 month high of $36.35. The firm’s 50-day moving average is $33.11 and its 200-day moving average is $31.42. The firm has a market cap of $10.42 billion, a PE ratio of 21.16 and a beta of 0.84.

LKQ Corporation (NASDAQ:LKQ) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.41 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. LKQ Corporation’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities analysts expect that LKQ Corporation will post $1.88 earnings per share for the current year.

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Several brokerages recently commented on LKQ. BidaskClub cut shares of LKQ Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research note on Thursday, April 27th. Zacks Investment Research cut shares of LKQ Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. FBR & Co reiterated an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of LKQ Corporation in a research note on Friday, April 28th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. LKQ Corporation presently has an average rating of “Buy” and an average price target of $39.33.

In other LKQ Corporation news, EVP John S. Quinn sold 8,230 shares of the company’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 sale, the executive vice president now directly owns 254,726 shares of the company’s stock, valued at approximately $8,444,166.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael S. Clark sold 5,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $31.42, for a total transaction of $157,100.00. Following the completion of the sale, the vice president now directly owns 62,885 shares of the company’s stock, valued at $1,975,846.70. The disclosure for this sale can be found here. Insiders sold a total of 58,230 shares of company stock valued at $1,905,125 over the last three months. 1.10% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for LKQ Corporation (NASDAQ:LKQ)

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