From MarketBeat:



Summit Global Investments reduced its position in LKQ Corporation by 70.6% in the third quarter, selling 88,726 shares and leaving them with 36,967 shares valued at $1,830,000. Other hedge funds also adjusted their holdings of LKQ. Several analysts have given LKQ a “buy” rating, leading to a consensus rating of “Buy” and an average price target of $65.33. However, LKQ’s stock opened at $47.80 on Friday. Despite missing analysts’ consensus estimates, LKQ reported a 14.9% increase in revenue. LKQ also issued a quarterly dividend of $0.30, representing a $1.20 annualized dividend and a 2.51% yield. LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles and operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. There is a notable amount of selling activity among corporate insiders. 93.67% of LKQ’s stock is held by institutional investors. Lastly, the company has not been identified as a top recommendation by top-rated analysts tracking the stock market.



Original: Summit Global Investments Sells 88,726 Shares of LKQ Co. (NASDAQ:LKQ)