International Assets Investment Management LLC Makes New $65,000 Investment in LKQ Co. (NASDAQ:LKQ)

International Assets Investment Management LLC bought a new position in LKQ Co. (NASDAQ:LKQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,566 shares of the auto parts company’s stock, valued at approximately $65,000.

Other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Quarry LP increased its holdings in shares of LKQ by 65.1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. CVA Family Office LLC lifted its position in shares of LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 290 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of LKQ during the first quarter worth approximately $56,000. Finally, 1620 Investment Advisors Inc. acquired a new position in LKQ in the 2nd quarter valued at approximately $60,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Trading Up 0.7 %

Shares of NASDAQ:LKQ opened at $41.59 on Thursday. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm has a fifty day moving average price of $41.63 and a 200 day moving average price of $45.17. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $11.10 billion, a PE ratio of 13.50 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Analysts expect that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio is currently 38.96%.

Insider Activity at LKQ

In other news, CEO Justin L. Jude purchased 2,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the chief executive officer now directly owns 207,515 shares of the company’s stock, valued at $8,281,923.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Andrew C. Clarke bought 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Justin L. Jude purchased 2,500 shares of LKQ stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares in the company, valued at $8,281,923.65. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,600 shares of company stock worth $500,870. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, July 25th. Roth Mkm restated a “buy” rating and issued a $65.00 target price on shares of LKQ in a research note on Thursday, July 25th. Finally, Robert W. Baird dropped their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.80.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.