Perpetual Ltd Grows Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Perpetual Ltd grew its stake in shares of LKQ Co. (NASDAQ:LKQ) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 206,325 shares of the auto parts company’s stock after acquiring an additional 50,565 shares during the period. Perpetual Ltd’s holdings in LKQ were worth $7,582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ in the 3rd quarter worth $25,000. Allworth Financial LP lifted its stake in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the period. Bruce G. Allen Investments LLC grew its holdings in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 289 shares in the last quarter. Private Trust Co. NA increased its position in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares during the period. Finally, Kennebec Savings Bank bought a new stake in shares of LKQ in the 3rd quarter valued at about $57,000. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 2.0 %

LKQ stock opened at $39.21 on Wednesday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The business has a fifty day moving average price of $37.80 and a 200-day moving average price of $39.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 14.63 and a beta of 1.30.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on LKQ. Robert W. Baird cut their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $53.80.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.