IFM Investors Pty Ltd Acquires 5,499 Shares of LKQ Co. (LKQ)
IFM Investors Pty Ltd raised its holdings in LKQ Co. (NASDAQ:LKQ) by 55.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,389 shares of the auto parts company’s stock after buying an additional 5,499 shares during the period. IFM Investors Pty Ltd’s holdings in LKQ were worth $491,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. DnB Asset Management AS raised its holdings in shares of LKQ by 18.0% in the 2nd quarter. DnB Asset Management AS now owns 49,162 shares of the auto parts company’s stock valued at $1,568,000 after purchasing an additional 7,500 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of LKQ by 12.9% in the 2nd quarter. Private Trust Co. NA now owns 44,864 shares of the auto parts company’s stock valued at $1,431,000 after purchasing an additional 5,116 shares in the last quarter. Avalon Advisors LLC raised its holdings in shares of LKQ by 10.5% in the 1st quarter. Avalon Advisors LLC now owns 80,751 shares of the auto parts company’s stock valued at $3,065,000 after purchasing an additional 7,642 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of LKQ in the 1st quarter valued at $328,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of LKQ in the 1st quarter valued at $949,000. 90.70% of the stock is owned by institutional investors.
Shares of NASDAQ:LKQ opened at $33.70 on Thursday. LKQ Co. has a 12 month low of $29.60 and a 12 month high of $43.86. The company has a current ratio of 2.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The firm has a market cap of $10.33 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.98 and a beta of 1.03.
A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. ValuEngine upgraded shares of LKQ from a “sell” rating to a “hold” rating in a report on Sunday, July 8th. Zacks Investment Research upgraded shares of LKQ from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Friday, July 6th. Wellington Shields upgraded shares of LKQ from an “accumulate” rating to a “buy” rating in a report on Thursday, May 31st. Finally, SunTrust Banks assumed coverage on shares of LKQ in a report on Tuesday, May 29th. They issued a “buy” rating and a $40.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $43.50.
In other LKQ news, Director Robert M. Hanser sold 1,099 shares of LKQ stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $30.30, for a total value of $33,299.70. Following the transaction, the director now directly owns 10,984 shares in the company, valued at $332,815.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dominick P. Zarcone acquired 3,000 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $99,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,780 shares of company stock worth $221,747 over the last quarter. 0.80% of the stock is owned by company insiders.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
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