Worldquant Millennium Quantitative Strategies LLC Acquires Shares of 90,228 LKQ Co. (LKQ)
Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 90,228 shares of the auto parts company’s stock, valued at approximately $2,878,000.
Several other institutional investors also recently made changes to their positions in LKQ. Mackay Shields LLC acquired a new stake in shares of LKQ during the first quarter worth $1,974,000. Robeco Institutional Asset Management B.V. grew its stake in LKQ by 33.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 45,375 shares of the auto parts company’s stock valued at $1,724,000 after acquiring an additional 11,476 shares during the period. Engineers Gate Manager LP acquired a new position in LKQ in the first quarter valued at about $688,000. Thrivent Financial for Lutherans grew its stake in LKQ by 1,660.7% in the first quarter. Thrivent Financial for Lutherans now owns 221,112 shares of the auto parts company’s stock valued at $8,391,000 after acquiring an additional 208,554 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in LKQ by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 1,309,350 shares of the auto parts company’s stock valued at $49,689,000 after acquiring an additional 30,997 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.
In related news, EVP John S. Quinn sold 8,019 shares of the company’s stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total transaction of $268,716.69. Following the sale, the executive vice president now owns 265,014 shares in the company, valued at $8,880,619.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Guhan Subramanian bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 21st. The shares were bought at an average price of $32.31 per share, for a total transaction of $48,465.00. Following the acquisition, the director now directly owns 29,081 shares of the company’s stock, valued at approximately $939,607.11. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.
LKQ stock opened at $32.69 on Monday. The company has a quick ratio of 1.05, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.47 billion, a PE ratio of 17.37, a PEG ratio of 0.96 and a beta of 1.21. LKQ Co. has a fifty-two week low of $29.60 and a fifty-two week high of $43.86.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.89 billion. LKQ had a return on equity of 14.41% and a net margin of 5.21%. LKQ’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. equities research analysts anticipate that LKQ Co. will post 2.29 EPS for the current fiscal year.
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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