November 28, 2016 - By Linda Rogers · 0 Comments
LKQ Corp (NASDAQ:LKQ) institutional sentiment decreased to 0.94 in 2016 Q2. Its down -0.15, from 1.09 in 2016Q1. The ratio dived, as 236 active investment managers increased and opened new equity positions, while 216 cut down and sold stakes in LKQ Corp. The active investment managers in our partner’s database now own: 270.85 million shares, down from 272.48 million shares in 2016Q1. Also, the number of active investment managers holding LKQ Corp in their top 10 equity positions increased from 17 to 19 for an increase of 2. Sold All: 47 Reduced: 169 Increased: 147 New Position: 89.
LKQ Corporation 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 has a market cap of $10.26 billion. The firm distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products. It has a 21.76 P/E ratio. It operates through four divisions: Wholesale – North America; Europe; Specialty, and Self Service.
About 518,183 shares traded hands. LKQ Corporation (NASDAQ:LKQ) has risen 1.09% since April 25, 2016 and is uptrending. It has underperformed by 4.93% the S&P500.
Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on February, 23. They expect $0.40 earnings per share, up 25.00% or $0.08 from last year’s $0.32 per share. LKQ’s profit will be $123.54 million for 20.76 P/E if the $0.40 EPS becomes a reality. After $0.45 actual earnings per share reported by LKQ Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
According to Zacks Investment Research, “LKQ Corp is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with sales and processing facilities and redistribution centers that reach most major markets in the United States.”
12Th Street Asset Management Company Llc holds 11.42% of its portfolio in LKQ Corporation for 909,223 shares. Monroe Hall Asset Management Llc owns 1.18 million shares or 10.38% of their US portfolio. Moreover, Quantum Capital Management Llc Nj has 9.42% invested in the company for 906,260 shares. The New York-based Incline Global Management Llc has invested 7.4% in the stock. Villere St Denis J & Co Llc, a Louisiana-based fund reported 2.79 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 7 sales for $2.83 million net activity.
Ratings analysis reveals 100% of LKQ’s analysts are positive. Out of 5 Wall Street analysts rating LKQ, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $31 while the high is $42. The stock’s average target of $36.80 is 10.78% above today’s ($33.22) share price. LKQ was included in 6 notes of analysts from January 15, 2016. The stock has “Buy” rating given by Jefferies on Monday, January 18. The stock of LKQ Corporation (NASDAQ:LKQ) earned “Buy” rating by Sterne Agee CRT on Wednesday, March 2. Robert W. Baird maintained LKQ Corporation (NASDAQ:LKQ) on Tuesday, March 22 with “Outperform” rating. Susquehanna initiated the shares of LKQ in a report on Friday, August 26 with “Positive” rating. The company was initiated on Friday, January 15 by Jefferies.
LKQ Corporation (LKQ), incorporated on February 13, 1998, 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 firm distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products, such as wheels, bumper covers and lights, and remanufactured engines. The Firm operates through four divisions: Wholesale – North America; Europe; Specialty, and Self Service.
More recent LKQ Corporation (NASDAQ:LKQ) news were published by: Reuters.com which released: “BRIEF-Axel Johnson sells Mekonomen holding to LKQ Corporation” on November 28, 2016. Also Streetinsider.com published the news titled: “LKQ Corporation (LKQ) to Take Minority Stake in Mekonomen AB” on November 28, 2016. Reuters.com‘s news article titled: “BRIEF-LKQ corp to acquire equity interest in Mekonomen Group” with publication date: November 28, 2016 was also an interesting one.
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By Linda Rogers