LKQ Co. (NASDAQ:LKQ) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in LKQ Co. (NASDAQ:LKQ) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,779 shares of the auto parts company’s stock after acquiring an additional 1,003 shares during the quarter. Commonwealth Equity Services LLC’s holdings in LKQ were worth $989,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in LKQ in the 2nd quarter valued at $33,000. Quarry LP boosted its position in shares of LKQ by 65.1% during the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 355 shares in the last quarter. CVA Family Office LLC boosted its position in shares of LKQ by 54.2% during the 1st 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 in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of LKQ during the 1st quarter worth $56,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of LKQ during the 2nd quarter worth $60,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Andrew C. Clarke acquired 7,600 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the completion of 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 SEC, which is available at this hyperlink. In related news, Director Andrew C. Clarke purchased 7,600 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares of the company’s stock, valued at $417,604.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew J. Mckay acquired 2,500 shares of the firm’s 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 acquisition, 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 bought 12,600 shares of company stock worth $500,870 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LKQ. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. 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. Finally, Roth Mkm restated a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

LKQ Trading Up 1.0 %

NASDAQ LKQ opened at $40.84 on Wednesday. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company’s 50 day moving average price is $41.37 and its 200 day moving average price is $44.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 13.26 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted 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). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. On average, sell-side analysts predict that LKQ Co. will post 3.6 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.94%. LKQ’s dividend payout ratio is currently 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.