Vanguard Personalized Indexing Management LLC Has $1.33 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Vanguard Personalized Indexing Management LLC trimmed its position in LKQ Co. (NASDAQ:LKQ) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,177 shares of the auto parts company’s stock after selling 12,762 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in LKQ were worth $1,333,000 at the end of the most recent quarter.

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

Insider Buying and Selling at LKQ

In other LKQ news, SVP Matthew J. Mckay acquired 2,500 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were acquired 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 of the company’s stock, valued at approximately $3,763,132.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Andrew C. Clarke purchased 7,600 shares of the firm’s stock in a transaction on 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 transaction, 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 SEC, which is accessible through this hyperlink. Also, SVP Matthew J. Mckay acquired 2,500 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were bought at an average price 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 disclosure for this purchase can be found here. Insiders bought 12,600 shares of company stock worth $500,870 over the last ninety days. Company insiders own 0.55% of the company’s stock.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $40.01 on Monday. The business’s 50-day simple moving average is $41.22 and its 200-day simple moving average is $44.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 12.99 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate 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 quarter last year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio is 38.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird lowered their price target 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. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Wednesday, September 18th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.