Corbyn Investment Management Inc. MD Lowers Stake in LKQ Co. (LKQ)

Corbyn Investment Management Inc. MD Lowers Stake in LKQ Co. (LKQ)

Corbyn Investment Management Inc. MD lowered its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,648 shares of the auto parts company’s stock after selling 15,956 shares during the period. LKQ comprises about 3.7% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 10th biggest holding. Corbyn Investment Management Inc. MD’s holdings in LKQ were worth $8,930,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of LKQ by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,938,421 shares of the auto parts company’s stock worth $188,070,000 after buying an additional 181,633 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of LKQ by 12.2% during the 3rd quarter. Legal & General Group Plc now owns 1,688,204 shares of the auto parts company’s stock worth $53,459,000 after buying an additional 183,105 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of LKQ by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 30,855,717 shares of the auto parts company’s stock worth $977,201,000 after buying an additional 810,901 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of LKQ by 12.4% during the 4th quarter. State of Alaska Department of Revenue now owns 84,461 shares of the auto parts company’s stock worth $2,002,000 after buying an additional 9,294 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in shares of LKQ by 23.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 19,415 shares of the auto parts company’s stock worth $461,000 after buying an additional 3,657 shares in the last quarter. 90.70% of the stock is owned by institutional investors.

In other LKQ news, Director Robert M. Hanser sold 1,131 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total value of $31,588.83. Following the completion of the transaction, the director now owns 13,923 shares of the company’s stock, valued at approximately $388,869.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John S. Quinn sold 6,861 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $27.63, for a total value of $189,569.43. Following the completion of the transaction, the executive vice president now directly owns 241,563 shares of the company’s stock, valued at approximately $6,674,385.69. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on LKQ shares. William Blair cut LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, January 18th. Guggenheim raised LKQ from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, March 6th. ValuEngine raised LKQ from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 6th. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Barrington Research set a $43.00 price target on LKQ and gave the stock a “buy” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. LKQ has a consensus rating of “Hold” and an average price target of $37.20.

Shares of LKQ opened at $27.02 on Thursday. LKQ Co. has a 12-month low of $22.74 and a 12-month high of $36.10. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.86 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts forecast that LKQ Co. will post 2.38 earnings per share for the current fiscal year.

LKQ Profile

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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