Fairpointe Capital LLC grew its stake in LKQ Corporation (NASDAQ:LKQ) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,199,715 shares of the auto parts company’s stock after buying an additional 264,587 shares during the quarter. LKQ Corporation accounts for about 2.1% of Fairpointe Capital LLC’s portfolio, making the stock its 24th largest holding. Fairpointe Capital LLC owned about 1.04% of LKQ Corporation worth $105,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cleararc Capital Inc. raised its holdings in LKQ Corporation by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 7,543 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 69 shares during the period. Pacer Advisors Inc. raised its holdings in LKQ Corporation by 3.5% in the 1st quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after purchasing an additional 181 shares during the period. Greenleaf Trust raised its holdings in LKQ Corporation by 2.1% in the 2nd quarter. Greenleaf Trust now owns 15,309 shares of the auto parts company’s stock worth $504,000 after purchasing an additional 309 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in LKQ Corporation by 3.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,796 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 358 shares during the period. Finally, Groesbeck Investment Management Corp NJ raised its holdings in LKQ Corporation by 1.1% in the 2nd quarter. Groesbeck Investment Management Corp NJ now owns 36,460 shares of the auto parts company’s stock worth $1,201,000 after purchasing an additional 400 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

LKQ Corporation (LKQ) traded down 0.35% during trading on Monday, reaching $36.75. The company had a trading volume of 372,974 shares. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 23.04 and a beta of 0.85. LKQ Corporation has a 1-year low of $27.85 and a 1-year high of $36.99. The firm has a 50-day moving average of $35.10 and a 200-day moving average of $32.45.

LKQ Corporation (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.41 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. On average, analysts anticipate that LKQ Corporation will post $1.88 EPS for the current fiscal year.

A number of research firms recently weighed in on LKQ. BidaskClub raised LKQ Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday. Jefferies Group LLC upped their price target on LKQ Corporation from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $40.00 price target (up previously from $38.00) on shares of LKQ Corporation in a report on Monday, July 31st. Zacks Investment Research cut LKQ Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Northcoast Research cut LKQ Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.20.

In related news, Director Guhan Subramanian purchased 4,000 shares of LKQ Corporation stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $33.96 per share, for a total transaction of $135,840.00. Following the transaction, the director now owns 23,811 shares in the company, valued at $808,621.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Victor M. Casini sold 25,000 shares of LKQ Corporation stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $33.40, for a total transaction of $835,000.00. Following the sale, the vice president now owns 213,884 shares of the company’s stock, valued at $7,143,725.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,230 shares of company stock valued at $1,634,545. 1.10% of the stock is owned by insiders.

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LKQ Corporation Profile

LKQ Corporation (LKQ) is a 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, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

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Institutional Ownership by Quarter for LKQ Corporation (NASDAQ:LKQ)

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