Evoke Wealth LLC cut its stake in shares of LKQ Co. (NASDAQ:LKQ – Get Rating) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,590 shares of the auto parts company’s stock after selling 14,737 shares during the quarter. Evoke Wealth LLC’s holdings in LKQ were worth $4,931,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Neo Ivy Capital Management purchased a new position in shares of LKQ during the second quarter worth approximately $126,000. Natixis purchased a new position in shares of LKQ during the second quarter worth approximately $2,369,000. Scotia Capital Inc. bought a new position in shares of LKQ during the second quarter valued at approximately $272,000. Rhumbline Advisers boosted its stake in shares of LKQ by 9.7% during the second quarter. Rhumbline Advisers now owns 491,055 shares of the auto parts company’s stock valued at $24,106,000 after purchasing an additional 43,350 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of LKQ by 65.4% during the second quarter. Voya Investment Management LLC now owns 344,206 shares of the auto parts company’s stock valued at $16,897,000 after purchasing an additional 136,153 shares in the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.
LKQ Price Performance
Shares of LKQ opened at $57.54 on Monday. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 13.72 and a beta of 1.35. LKQ Co. has a twelve month low of $42.36 and a twelve month high of $58.85. The company has a quick ratio of 0.67, a current ratio of 1.79 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $54.86 and a two-hundred day moving average of $53.26.
LKQ (NASDAQ:LKQ – Get Rating) last announced its earnings results on Thursday, October 27th. The auto parts company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.02. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.20 billion. LKQ had a net margin of 9.18% and a return on equity of 19.83%. LKQ’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share. As a group, analysts predict that LKQ Co. will post 3.9 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on LKQ. Raymond James increased their price objective on shares of LKQ from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Guggenheim dropped their price objective on shares of LKQ to $68.00 in a research note on Tuesday, November 1st. Finally, StockNews.com downgraded shares of LKQ from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 24th.
About LKQ
LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F.