Sumitomo Mitsui DS Asset Management Company Ltd Purchases 998 Shares of LKQ Co. (NASDAQ:LKQ)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in LKQ Co. (NASDAQ:LKQ) by 3.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,567 shares of the auto parts company’s stock after buying an additional 998 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in LKQ were worth $1,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Rothschild Investment LLC purchased a new stake in shares of LKQ in the second quarter worth $33,000. Fidelis Capital Partners LLC purchased a new stake in shares of LKQ in the first quarter worth $56,000. Bruce G. Allen Investments LLC grew its stake in shares of LKQ by 33.5% in the third 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 during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of LKQ during the first quarter valued at $66,000. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the topic of a number of recent research reports. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Wednesday, September 18th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird decreased their price objective on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.00.

LKQ Trading Down 3.6 %

Shares of NASDAQ:LKQ opened at $37.48 on Wednesday. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. The business’s fifty day simple moving average is $40.15 and its 200-day simple moving average is $42.14. The company has a market capitalization of $10.00 billion, a PE ratio of 12.17 and a beta of 1.28. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. As a group, equities research analysts predict that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

Insider Activity at LKQ

In related news, SVP Matthew J. Mckay purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Andrew C. Clarke purchased 7,600 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the transaction, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. This represents a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew J. Mckay bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 12,600 shares of company stock valued at $500,870. 0.55% of the stock is currently owned by insiders.

LKQ Profile

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.