LKQ Co. (NASDAQ:LKQ) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its position in LKQ Co. (NASDAQ:LKQ) by 318.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,417 shares of the auto parts company’s stock after acquiring an additional 36,096 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in LKQ were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Vanguard Group Inc. increased its stake in shares of LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after acquiring an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA grew its position in LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after purchasing an additional 875,420 shares during the period. Wellington Management Group LLP lifted its holdings in shares of LKQ by 9.5% in the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after buying an additional 977,585 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of LKQ by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock worth $486,775,000 after buying an additional 111,124 shares during the last quarter. Finally, Boston Partners grew its holdings in LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after acquiring an additional 712,698 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, SVP Matthew J. Mckay bought 2,500 shares of the firm’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 acquisition, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LKQ news, Director Andrew C. Clarke bought 7,600 shares of LKQ 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 acquisition, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew J. Mckay purchased 2,500 shares of the company’s stock in a transaction on Monday, July 29th. The stock was acquired at an average price of $39.75 per share, with a total value of $99,375.00. Following the purchase, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,600 shares of company stock worth $500,870 in the last quarter. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LKQ. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Wednesday, September 18th. Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird lowered their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

LKQ Stock Performance

NASDAQ LKQ opened at $40.13 on Tuesday. The stock’s 50 day simple moving average is $41.15 and its 200-day simple moving average is $44.07. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. 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 company has a market cap of $10.71 billion, a PE ratio of 13.03 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its earnings results 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ’s quarterly 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. As a group, equities research analysts anticipate that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.