Russell Investments Group Ltd. Has $5.85 Million Position in LKQ Co. (NASDAQ:LKQ)

Russell Investments Group Ltd. lowered its holdings in LKQ Co. (NASDAQ:LKQ) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,798 shares of the auto parts company’s stock after selling 2,152 shares during the quarter. Russell Investments Group Ltd.’s holdings in LKQ were worth $5,853,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of LKQ by 13.3% during the first quarter. FMR LLC now owns 11,329,024 shares of the auto parts company’s stock worth $321,518,000 after acquiring an additional 1,329,633 shares during the last quarter. Geode Capital Management LLC increased its holdings in LKQ by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock valued at $101,069,000 after purchasing an additional 316,437 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in LKQ by 14.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock valued at $89,622,000 after purchasing an additional 485,510 shares during the last quarter. International Value Advisers LLC bought a new stake in LKQ in the first quarter valued at about $93,177,000. Finally, FIL Ltd increased its holdings in LKQ by 41.6% in the first quarter. FIL Ltd now owns 2,176,787 shares of the auto parts company’s stock valued at $61,777,000 after purchasing an additional 639,246 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

In other news, EVP John S. Quinn sold 10,721 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.04, for a total transaction of $289,895.84. Following the completion of the transaction, the executive vice president now directly owns 254,674 shares of the company’s stock, valued at $6,886,384.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by corporate insiders.

Shares of LKQ stock traded up $0.46 during trading hours on Friday, hitting $33.01. The company’s stock had a trading volume of 688,794 shares, compared to its average volume of 2,458,762. LKQ Co. has a 12 month low of $22.74 and a 12 month high of $33.22. The stock has a 50 day moving average of $26.19 and a 200 day moving average of $27.32. The company has a market capitalization of $8.83 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.20 and a quick ratio of 0.94.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.28 billion. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts expect that LKQ Co. will post 2.33 EPS for the current year.

Several equities research analysts have issued reports on the company. ValuEngine upgraded LKQ from a “sell” rating to a “hold” rating in a report on Thursday. Raymond James downgraded LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th. Barrington Research set a $43.00 price target on LKQ and gave the stock a “buy” rating in a report on Tuesday. Wellington Shields downgraded LKQ from a “buy” rating to a “gradually accumulate” rating in a report on Thursday, July 25th. Finally, Zacks Investment Research downgraded LKQ from a “hold” rating to a “sell” rating and set a $29.00 price target for the company. in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. LKQ presently has a consensus rating of “Hold” and a consensus target price of $34.50.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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