Elo Mutual Pension Insurance Co Has $798,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Elo Mutual Pension Insurance Co reduced its stake in LKQ Co. (NASDAQ:LKQ) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,177 shares of the auto parts company’s stock after selling 1,494 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in LKQ were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LKQ. Rothschild Investment LLC acquired a new stake in LKQ during the 2nd quarter worth about $33,000. Quarry LP grew its stake in LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 355 shares during the period. CVA Family Office LLC grew its stake in LKQ by 54.2% during 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 during the period. Banque Cantonale Vaudoise increased its holdings in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 278 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in LKQ in the first quarter valued at approximately $56,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Down 1.9 %

NASDAQ:LKQ opened at $40.01 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company has a market cap of $10.67 billion, a PE ratio of 12.99 and a beta of 1.29. The firm has a 50-day moving average of $41.22 and a 200-day moving average of $44.20.

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). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, equities research analysts expect that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced 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 was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. LKQ’s payout ratio is 38.96%.

Analysts Set New Price Targets

LKQ has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Wednesday. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, LKQ currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Insider Activity

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

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.