LKQ Co. (LKQ) Position Trimmed by Hound Partners LLC
Hound Partners LLC cut its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 9,576,751 shares of the auto parts company’s stock after selling 236,071 shares during the period. LKQ accounts for about 10.7% of Hound Partners LLC’s holdings, making the stock its 2nd largest holding. Hound Partners LLC’s holdings in LKQ were worth $389,486,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in LKQ by 106.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after purchasing an additional 1,294,439 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in LKQ by 39.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock valued at $183,550,000 after purchasing an additional 1,283,674 shares during the last quarter. CI Global Investments Inc. boosted its holdings in LKQ by 49.7% in the 4th quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock valued at $154,263,000 after purchasing an additional 1,259,782 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in LKQ by 32.3% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,113,705 shares of the auto parts company’s stock valued at $126,634,000 after purchasing an additional 760,466 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in LKQ by 141.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,227,544 shares of the auto parts company’s stock valued at $49,925,000 after purchasing an additional 719,462 shares during the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.
In related news, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $42.55, for a total transaction of $1,063,750.00. Following the sale, the vice president now directly owns 222,395 shares of the company’s stock, valued at approximately $9,462,907.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John S. Quinn sold 7,501 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $39.76, for a total transaction of $298,239.76. Following the sale, the executive vice president now directly owns 270,218 shares in the company, valued at $10,743,867.68. The disclosure for this sale can be found here. Insiders sold a total of 42,802 shares of company stock worth $1,807,405 over the last three months. Insiders own 1.10% of the company’s stock.
Shares of LKQ Co. (NASDAQ LKQ) opened at $39.42 on Wednesday. The stock has a market cap of $12,175.58, a P/E ratio of 22.92, a PEG ratio of 1.05 and a beta of 0.97. LKQ Co. has a 52 week low of $27.85 and a 52 week high of $43.86. The company has a quick ratio of 1.09, a current ratio of 2.89 and a debt-to-equity ratio of 0.78.
LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.37 billion. LKQ had a net margin of 5.48% and a return on equity of 14.84%. LKQ’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. sell-side analysts anticipate that LKQ Co. will post 2.35 earnings per share for the current fiscal year.
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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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