DekaBank Deutsche Girozentrale Sells 21,561 Shares of LKQ Co. (NASDAQ:LKQ)

DekaBank Deutsche Girozentrale decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 6.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 325,006 shares of the auto parts company’s stock after selling 21,561 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.12% of LKQ worth $13,446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Homestead Advisers Corp purchased a new position in shares of LKQ during the fourth quarter worth approximately $20,583,000. Manning & Napier Advisors LLC bought a new stake in LKQ during the 2nd quarter valued at $3,839,000. KBC Group NV lifted its holdings in shares of LKQ by 49.2% in the 4th quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock worth $32,929,000 after buying an additional 227,314 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of LKQ during the 1st quarter worth $1,468,000. Finally, Capital World Investors increased its stake in shares of LKQ by 91.0% during the first quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after buying an additional 277,700 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LKQ

In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of $39.70 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Matthew J. Mckay acquired 2,500 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the acquisition, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the acquisition, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. The disclosure for this purchase can be found here. Insiders bought 12,600 shares of company stock worth $500,870 in the last 90 days. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

LKQ has been the subject of several research reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Thursday, July 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird lowered their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $58.00.

LKQ Trading Up 3.4 %

Shares of LKQ stock opened at $41.04 on Monday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The stock’s fifty day moving average is $41.39 and its two-hundred day moving average is $44.60. The firm has a market capitalization of $10.80 billion, a P/E ratio of 13.32 and a beta of 1.29.

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

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.92%. LKQ’s dividend payout ratio (DPR) is 38.96%.

LKQ Company 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.