Lecap Asset Management Ltd. Sells 10,845 Shares of LKQ Co. (NASDAQ:LKQ)

Lecap Asset Management Ltd. decreased its position in shares of LKQ Co. (NASDAQ:LKQ) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,468 shares of the auto parts company’s stock after selling 10,845 shares during the period. Lecap Asset Management Ltd.’s holdings in LKQ were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of LKQ. Albert D Mason Inc. raised its position in LKQ by 1.8% during the third quarter. Albert D Mason Inc. now owns 31,618 shares of the auto parts company’s stock valued at $1,262,000 after acquiring an additional 549 shares in the last quarter. Cadent Capital Advisors LLC increased its holdings in shares of LKQ by 27.9% in the third quarter. Cadent Capital Advisors LLC now owns 6,600 shares of the auto parts company’s stock valued at $263,000 after purchasing an additional 1,438 shares during the last quarter. Schubert & Co acquired a new position in LKQ in the 3rd quarter valued at about $222,000. Blue Trust Inc. raised its position in shares of LKQ by 40.6% during the 3rd quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock valued at $94,000 after buying an additional 653 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in LKQ during the third quarter worth $424,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

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

LKQ Stock Up 0.8 %

LKQ opened at $37.78 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The business’s 50-day simple moving average is $40.12 and its 200-day simple moving average is $42.11. The stock has a market capitalization of $10.08 billion, a P/E ratio of 12.27 and a beta of 1.28.

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

Analyst Upgrades and Downgrades

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

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.