Oppenheimer & Co. Inc. Buys 14,573 Shares of LKQ Co. (NASDAQ:LKQ)

Oppenheimer & Co. Inc. boosted its position in shares of LKQ Co. (NASDAQ:LKQ) by 28.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,548 shares of the auto parts company’s stock after purchasing an additional 14,573 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in LKQ were worth $2,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Investment Counsel Inc. raised its holdings in shares of LKQ by 18.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 56,678 shares of the auto parts company’s stock valued at $2,357,000 after purchasing an additional 8,873 shares in the last quarter. Qsemble Capital Management LP purchased a new position in LKQ during the second quarter valued at approximately $1,769,000. Studio Investment Management LLC lifted its holdings in LKQ by 5.3% during the second quarter. Studio Investment Management LLC now owns 9,701 shares of the auto parts company’s stock worth $403,000 after buying an additional 485 shares during the period. Daiwa Securities Group Inc. boosted its position in LKQ by 6.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 102,556 shares of the auto parts company’s stock valued at $4,265,000 after acquiring an additional 5,790 shares in the last quarter. Finally, Choreo LLC increased its holdings in shares of LKQ by 31.3% in the 2nd quarter. Choreo LLC now owns 22,929 shares of the auto parts company’s stock valued at $952,000 after acquiring an additional 5,460 shares during the period. 95.63% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective on shares of LKQ in a research report on Thursday. Robert W. Baird cut their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $58.00.

LKQ Stock Performance

LKQ opened at $41.04 on Monday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.80 billion, a P/E ratio of 13.32 and a beta of 1.29. The firm’s 50-day moving average price is $41.39 and its 200-day moving average price is $44.60.

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

LKQ Announces Dividend

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

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.