LKQ Co. (NASDAQ:LKQ) Position Increased by Sei Investments Co.

Sei Investments Co. lifted its position in LKQ Co. (NASDAQ:LKQ) by 27.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 766,687 shares of the auto parts company’s stock after acquiring an additional 163,615 shares during the period. Sei Investments Co. owned about 0.29% of LKQ worth $31,886,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rothschild Investment LLC purchased a new position in LKQ during the 2nd quarter worth approximately $33,000. CVA Family Office LLC grew its holdings in shares of LKQ by 54.2% during the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after buying an additional 290 shares in the last quarter. Quarry LP raised its position in LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after buying an additional 355 shares during the period. Fidelis Capital Partners LLC purchased a new stake in LKQ in the 1st quarter worth about $56,000. Finally, Banque Cantonale Vaudoise boosted its position in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of research reports. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th. Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Finally, 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 note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, LKQ has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Buying and Selling at LKQ

In other news, Director Andrew C. Clarke acquired 7,600 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the acquisition, the director now owns 10,519 shares of the company’s stock, valued at $417,604.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Matthew J. Mckay acquired 2,500 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was bought at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 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 in the company, valued at $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 in the last ninety days. Company insiders own 0.55% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $40.13 on Tuesday. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The firm has a fifty day simple moving average of $41.15 and a 200-day simple moving average of $44.07. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 13.03 and a beta of 1.29.

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

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders 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 annualized dividend and a dividend yield of 2.99%. LKQ’s dividend payout ratio is 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.