Signaturefd LLC Lowers Holdings in LKQ Co. (NASDAQ:LKQ)

Signaturefd LLC lowered its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,797 shares of the auto parts company’s stock after selling 647 shares during the quarter. Signaturefd LLC’s holdings in LKQ were worth $4,383,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter worth $33,000. Bruce G. Allen Investments LLC grew its holdings in shares of LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after buying an additional 289 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in LKQ during the 1st quarter worth approximately $56,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of LKQ during the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

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

LKQ Price Performance

Shares of LKQ stock traded down $1.00 during trading hours on Tuesday, reaching $37.88. 1,104,084 shares of the company were exchanged, compared to its average volume of 1,869,134. The stock’s fifty day moving average is $40.18 and its two-hundred day moving average is $42.24. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 12.62 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70.

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

Insider Activity

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

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.