Massmutual Trust Co. FSB ADV boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 5.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,747 shares of the auto parts company’s stock after purchasing an additional 3,244 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in LKQ were worth $1,670,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LKQ. Oakworth Capital Inc. bought a new stake in shares of LKQ in the second quarter valued at approximately $26,000. Icon Wealth Partners LLC bought a new stake in shares of LKQ in the first quarter valued at approximately $31,000. Optimum Investment Advisors boosted its position in shares of LKQ by 211.1% in the second quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 950 shares during the period. Amica Retiree Medical Trust bought a new stake in shares of LKQ in the second quarter valued at approximately $38,000. Finally, Investors Research Corp boosted its position in shares of LKQ by 33.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 400 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group set a $37.00 price objective on LKQ and gave the company a “buy” rating in a research report on Friday, September 13th. Wellington Shields cut LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Zacks Investment Research cut LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a research report on Tuesday, September 10th. Finally, Barrington Research set a $43.00 price objective on LKQ and gave the company a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. LKQ presently has an average rating of “Hold” and a consensus target price of $35.00.

In related news, EVP John S. Quinn sold 10,721 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

LKQ stock traded up $0.01 during midday trading on Thursday, hitting $31.95. The stock had a trading volume of 131,677 shares, compared to its average volume of 2,723,653. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 0.98 and a beta of 1.31. LKQ Co. has a 52 week low of $22.74 and a 52 week high of $33.22. The stock has a 50-day simple moving average of $26.78 and a 200 day simple moving average of $27.47. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.

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

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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