Hsbc Holdings PLC Grows Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Hsbc Holdings PLC grew its stake in shares of LKQ Co. (NASDAQ:LKQ) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,662,509 shares of the auto parts company’s stock after acquiring an additional 95,453 shares during the period. Hsbc Holdings PLC owned about 0.62% of LKQ worth $69,120,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Blair William & Co. IL lifted its stake in LKQ by 75.8% in the second quarter. Blair William & Co. IL now owns 7,322 shares of the auto parts company’s stock worth $305,000 after acquiring an additional 3,156 shares during the period. Amalgamated Bank lifted its position in shares of LKQ by 19.6% in the 2nd quarter. Amalgamated Bank now owns 86,588 shares of the auto parts company’s stock worth $3,601,000 after purchasing an additional 14,164 shares during the period. Dimensional Fund Advisors LP increased its holdings in LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after buying an additional 253,639 shares during the period. Massachusetts Financial Services Co. MA raised its stake in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after buying an additional 875,420 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in LKQ by 107,142.9% during the second quarter. Brown Brothers Harriman & Co. now owns 7,507 shares of the auto parts company’s stock worth $312,000 after buying an additional 7,500 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note 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. JPMorgan Chase & Co. boosted their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Insider Buying and Selling

In related news, Director Andrew C. Clarke acquired 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 acquisition, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Justin L. Jude acquired 2,500 shares of the business’s stock in a transaction on Friday, July 26th. The stock was bought at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares of the company’s stock, valued at $8,281,923.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the purchase, the director now owns 10,519 shares in the company, valued at $417,604.30. The disclosure for this purchase can be found here. Insiders acquired a total of 12,600 shares of company stock valued at $500,870 over the last 90 days. Insiders own 0.55% of the company’s stock.

LKQ Price Performance

LKQ stock opened at $40.77 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The stock has a market capitalization of $10.88 billion, a PE ratio of 13.24 and a beta of 1.29. The firm has a 50 day moving average of $41.30 and a 200 day moving average of $44.33.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.87 billion. During the same period last year, the firm earned $1.09 earnings per share. LKQ’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that LKQ Co. will post 3.6 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.94%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.