LKQ Co. (NASDAQ:LKQ) Shares Purchased by Sienna Gestion

Sienna Gestion boosted its stake in LKQ Co. (NASDAQ:LKQ) by 2,942.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 125,307 shares of the auto parts company’s stock after purchasing an additional 121,189 shares during the period. Sienna Gestion’s holdings in LKQ were worth $5,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of LKQ in the 4th quarter valued at $263,000. Principal Securities Inc. purchased a new stake in LKQ during the fourth quarter worth about $80,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of LKQ by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,775 shares of the auto parts company’s stock worth $563,000 after purchasing an additional 301 shares in the last quarter. Brown Advisory Inc. purchased a new position in shares of LKQ in the fourth quarter valued at approximately $298,000. Finally, Norges Bank acquired a new position in shares of LKQ in the fourth quarter valued at approximately $159,324,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $40.77 on Thursday. The firm has a market capitalization of $10.88 billion, a PE ratio of 13.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The business’s fifty day moving average price is $41.34 and its 200 day moving average price is $44.36. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its 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). The business 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%. LKQ’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. On average, sell-side analysts anticipate that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.94%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Analyst Ratings Changes

A number of research firms have issued reports on LKQ. Robert W. Baird reduced their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Roth Mkm reiterated a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Activity at LKQ

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

About LKQ

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.