Mackay Shields LLC Acquires Shares of 52,019 LKQ Co. (LKQ)

Mackay Shields LLC acquired a new stake in shares of LKQ Co. (NASDAQ:LKQ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,019 shares of the auto parts company’s stock, valued at approximately $1,974,000.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of LKQ by 0.8% in the 4th quarter. BlackRock Inc. now owns 18,779,286 shares of the auto parts company’s stock worth $763,754,000 after purchasing an additional 155,013 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of LKQ by 0.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 6,259,733 shares of the auto parts company’s stock worth $254,583,000 after purchasing an additional 21,067 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of LKQ by 39.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock worth $183,550,000 after purchasing an additional 1,283,674 shares in the last quarter. CI Global Investments Inc. increased its holdings in shares of LKQ by 49.7% in the 4th quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock worth $154,263,000 after purchasing an additional 1,259,782 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of LKQ by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 3,444,670 shares of the auto parts company’s stock worth $139,814,000 after purchasing an additional 100,423 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

In other LKQ news, Director Robert M. Hanser sold 1,099 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $30.30, for a total transaction of $33,299.70. Following the completion of the sale, the director now owns 10,984 shares of the company’s stock, valued at $332,815.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Quinn sold 7,501 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total value of $298,239.76. Following the sale, the executive vice president now directly owns 270,218 shares of the company’s stock, valued at approximately $10,743,867.68. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Shares of LKQ opened at $30.48 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.74 and a quick ratio of 1.11. LKQ Co. has a one year low of $29.60 and a one year high of $43.86. The firm has a market capitalization of $9.46 billion, a P/E ratio of 16.21, a PEG ratio of 0.92 and a beta of 0.99.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). LKQ had a return on equity of 14.52% and a net margin of 5.44%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue was up 16.1% on a year-over-year basis. equities research analysts predict that LKQ Co. will post 2.22 EPS for the current fiscal year.

A number of analysts have commented on LKQ shares. ValuEngine raised LKQ from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Monday, February 5th. Northcoast Research raised LKQ from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. B. Riley lifted their target price on LKQ from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barrington Research reissued a “buy” rating and issued a $45.00 target price on shares of LKQ in a report on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. LKQ currently has a consensus rating of “Hold” and a consensus target price of $44.78.

About LKQ

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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