6,447 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of LKQ Co. (NASDAQ:LKQ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,447 shares of the auto parts company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of LKQ during the second quarter valued at approximately $33,000. CVA Family Office LLC lifted its position in 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 during the period. Quarry LP boosted its holdings in shares of LKQ by 65.1% during the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after buying an additional 355 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of LKQ in the 1st quarter worth about $56,000. Finally, Banque Cantonale Vaudoise increased its stake in shares of LKQ by 29.8% in 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 in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Trading Down 1.9 %

LKQ stock opened at $40.01 on Friday. The business has a 50-day simple moving average of $41.22 and a two-hundred day simple moving average of $44.25. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.67 billion, a P/E ratio of 12.99 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share 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 analysts’ expectations of $3.87 billion. During the same quarter last year, the firm posted $1.09 earnings per share. LKQ’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts predict that LKQ Co. will post 3.6 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio is currently 38.96%.

Analyst Ratings Changes

Several equities research analysts recently commented on LKQ shares. Roth Mkm reissued a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird lowered 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. JPMorgan Chase & Co. lifted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Insiders Place Their Bets

In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the transaction, the director now directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, SVP Matthew J. Mckay bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average price of $39.75 per share, with a total value of $99,375.00. Following the transaction, the senior vice president now owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 12,600 shares of company stock worth $500,870. Corporate insiders own 0.55% of the company’s stock.

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.