LKQ Co. (NASDAQ:LKQ) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,696 shares of the auto parts company’s stock after selling 8,194 shares during the period. Johnson Investment Counsel Inc.’s holdings in LKQ were worth $2,987,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of LKQ by 9.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 122,056 shares of the auto parts company’s stock worth $6,008,000 after purchasing an additional 10,360 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of LKQ by 22.9% during the second quarter. IFM Investors Pty Ltd now owns 38,321 shares of the auto parts company’s stock worth $1,886,000 after purchasing an additional 7,147 shares during the last quarter. Railway Pension Investments Ltd raised its holdings in shares of LKQ by 59.2% during the first quarter. Railway Pension Investments Ltd now owns 539,700 shares of the auto parts company’s stock worth $22,846,000 after purchasing an additional 200,600 shares during the last quarter. Cascadia Advisory Services LLC raised its holdings in shares of LKQ by 40.1% during the second quarter. Cascadia Advisory Services LLC now owns 61,833 shares of the auto parts company’s stock worth $3,043,000 after purchasing an additional 17,683 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of LKQ by 10.8% during the second quarter. River Road Asset Management LLC now owns 5,554,384 shares of the auto parts company’s stock worth $273,387,000 after purchasing an additional 540,003 shares during the last quarter. Institutional investors and hedge funds own 93.98% of the company’s stock.

LKQ stock opened at $53.61 on Thursday. The stock has a market capitalization of $15.75 billion, a P/E ratio of 17.18 and a beta of 1.66. The firm has a 50-day simple moving average of $51.27 and a 200-day simple moving average of $49.34. The company has a quick ratio of 0.78, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. LKQ Co. has a 52 week low of $29.60 and a 52 week high of $53.77.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Wednesday, July 28th. The auto parts company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.08 billion. LKQ had a net margin of 7.50% and a return on equity of 18.67%. During the same period in the previous year, the business posted $0.53 earnings per share. On average, analysts expect that LKQ Co. will post 3.69 earnings per share for the current year.

LKQ declared that its board has authorized a stock repurchase plan on Thursday, July 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of research analysts have weighed in on LKQ shares. Raymond James raised shares of LKQ from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Monday, August 2nd. Zacks Investment Research cut shares of LKQ from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Monday, July 26th. Robert W. Baird lifted their price objective on shares of LKQ from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Truist lifted their price objective on shares of LKQ from $58.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 2nd. Finally, Truist Securities lifted their price objective on shares of LKQ from $58.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $59.83.

In related news, Director Meg Divitto sold 1,800 shares of the business’s stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $50.75, for a total transaction of $91,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

About LKQ

LKQ Corp. is a distributor of vehicle products and its parts to repair, maintenance, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self Service segments. The company was founded by Donald F.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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