Cwm LLC Has $183,000 Position in LKQ Co. (NASDAQ:LKQ)

Cwm LLC lowered its position in shares of LKQ Co. (NASDAQ:LKQ) by 18.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,597 shares of the auto parts company’s stock after selling 1,053 shares during the quarter. Cwm LLC’s holdings in LKQ were worth $183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in shares of LKQ in the 2nd quarter valued at $3,839,000. Capital World Investors increased its holdings in LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock worth $31,136,000 after purchasing an additional 277,700 shares in the last quarter. SG Americas Securities LLC grew its position in LKQ by 133.2% in the 1st quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company’s stock worth $4,652,000 after purchasing an additional 49,739 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in LKQ in the 1st quarter valued at $1,910,000. Finally, Addenda Capital Inc. purchased a new position in LKQ in the second quarter valued at about $6,419,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Robert W. Baird cut their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Wednesday, September 18th. Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Buying and Selling

In other news, CEO Justin L. Jude purchased 2,500 shares of the stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the acquisition, the chief executive officer now directly owns 207,515 shares of the company’s stock, valued at $8,281,923.65. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other LKQ news, CEO Justin L. Jude purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the purchase, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. This trade represents a 200.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 12,600 shares of company stock valued at $500,870 over the last 90 days. Company insiders own 0.55% of the company’s stock.

LKQ Stock Up 0.8 %

LKQ stock opened at $37.78 on Thursday. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $40.12 and a 200 day moving average of $42.11. The firm has a market cap of $10.08 billion, a PE ratio of 12.27 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. LKQ’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, research analysts forecast that LKQ Co. will post 3.55 EPS for the current fiscal year.

LKQ Company 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.