Kalmar Investments Inc. DE Has $40,318,000 Position in LKQ Corp. (LKQ)
Kalmar Investments Inc. DE raised its position in shares of LKQ Corp. (NASDAQ:LKQ) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,271,874 shares of the company’s stock after buying an additional 63,061 shares during the period. LKQ Corp. makes up about 1.8% of Kalmar Investments Inc. DE’s holdings, making the stock its 9th largest position. Kalmar Investments Inc. DE owned about 0.42% of LKQ Corp. worth $40,318,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Geode Capital Management LLC increased its stake in LKQ Corp. by 8.2% in the first quarter. Geode Capital Management LLC now owns 1,980,374 shares of the company’s stock valued at $63,199,000 after buying an additional 150,140 shares during the last quarter. Fairpointe Capital LLC bought a new stake in LKQ Corp. during the first quarter valued at about $3,512,000. Nicholas Investment Partners LP bought a new stake in LKQ Corp. during the first quarter valued at about $3,070,000. Pictet Asset Management Ltd. increased its stake in LKQ Corp. by 1.9% in the first quarter. Pictet Asset Management Ltd. now owns 112,100 shares of the company’s stock valued at $3,094,000 after buying an additional 2,100 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in LKQ Corp. by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 681,213 shares of the company’s stock valued at $21,751,000 after buying an additional 3,952 shares during the last quarter. 89.91% of the stock is owned by institutional investors.
LKQ Corp. (NASDAQ:LKQ) traded down 0.30% during trading on Tuesday, reaching $32.93. The company had a trading volume of 1,970,346 shares. The company has a market capitalization of $10.11 billion, a PE ratio of 22.71 and a beta of 0.72. The company has a 50 day moving average price of $34.93 and a 200 day moving average price of $33.57. LKQ Corp. has a 52-week low of $23.95 and a 52-week high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last issued its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the business earned $0.39 earnings per share. The company’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts forecast that LKQ Corp. will post $1.84 EPS for the current fiscal year.
Several analysts have issued reports on the company. Susquehanna assumed coverage on LKQ Corp. in a report on Thursday, August 25th. They set a “positive” rating and a $42.00 price objective on the stock. Zacks Investment Research upgraded LKQ Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, September 14th. FBR & Co reiterated an “outperform” rating and issued a $40.00 target price on shares of LKQ Corp. in a report on Wednesday, October 5th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $36.00 target price on shares of LKQ Corp. in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. LKQ Corp. presently has an average rating of “Buy” and a consensus target price of $38.25.
In other news, insider Robert L. Wagman sold 20,100 shares of LKQ Corp. stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $34.07, for a total transaction of $684,807.00. Following the transaction, the insider now owns 360,456 shares in the company, valued at approximately $12,280,735.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph M. Holsten sold 16,000 shares of LKQ Corp. stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $36.00, for a total value of $576,000.00. Following the transaction, the director now owns 280,447 shares in the company, valued at approximately $10,096,092. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
About LKQ Corp.
LKQ Corporation (LKQ) is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
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