MAI Capital Management raised its stake in shares of LKQ Co. (NASDAQ:LKQ) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,420 shares of the auto parts company’s stock after purchasing an additional 1,619 shares during the period. MAI Capital Management’s holdings in LKQ were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Montecito Bank & Trust grew its stake in LKQ by 19.2% in the second quarter. Montecito Bank & Trust now owns 10,373 shares of the auto parts company’s stock worth $331,000 after purchasing an additional 1,669 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in LKQ by 8.0% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 23,495 shares of the auto parts company’s stock worth $749,000 after purchasing an additional 1,744 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in LKQ by 3.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 47,786 shares of the auto parts company’s stock worth $1,525,000 after purchasing an additional 1,781 shares in the last quarter. Buffington Mohr McNeal grew its stake in LKQ by 14.2% in the second quarter. Buffington Mohr McNeal now owns 14,510 shares of the auto parts company’s stock worth $463,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in LKQ by 19.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 11,418 shares of the auto parts company’s stock valued at $364,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 89.47% of the company’s stock.

A number of research firms have recently weighed in on LKQ. BidaskClub cut LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised LKQ from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Friday, July 6th. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a research report on Sunday, July 8th. Barrington Research restated a “buy” rating and issued a $45.00 target price on shares of LKQ in a research note on Thursday, July 26th. Finally, Raymond James reduced their target price on LKQ from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.00.

In related news, EVP John S. Quinn sold 8,019 shares of LKQ stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total value of $268,716.69. Following the sale, the executive vice president now directly owns 265,014 shares in the company, valued at approximately $8,880,619.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.

Shares of NASDAQ:LKQ traded up $0.21 during trading on Friday, reaching $28.53. 3,285,355 shares of the company’s stock traded hands, compared to its average volume of 2,258,822. LKQ Co. has a fifty-two week low of $28.17 and a fifty-two week high of $43.86. The company has a quick ratio of 1.05, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $10.07 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, July 26th. The auto parts company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. LKQ had a return on equity of 14.41% and a net margin of 5.21%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 23.3% on a year-over-year basis. Sell-side analysts expect that LKQ Co. will post 2.29 earnings per share for the current fiscal year.

LKQ Company Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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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