EverSource Wealth Advisors LLC Has $3.54 Million Position in LKQ Co. (NASDAQ:LKQ)

EverSource Wealth Advisors LLC grew its holdings in LKQ Co. (NASDAQ:LKQ) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,403 shares of the auto parts company’s stock after acquiring an additional 1,523 shares during the period. EverSource Wealth Advisors LLC’s holdings in LKQ were worth $3,544,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Private Advisor Group LLC acquired a new position in shares of LKQ during the 4th quarter valued at about $263,000. Brown Advisory Inc. bought a new position in shares of LKQ in the fourth quarter valued at approximately $298,000. PNC Financial Services Group Inc. lifted its stake in shares of LKQ by 2.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,218 shares of the auto parts company’s stock worth $2,018,000 after buying an additional 1,129 shares during the last quarter. UBS Group AG grew its stake in LKQ by 2.2% in the 4th quarter. UBS Group AG now owns 564,319 shares of the auto parts company’s stock valued at $26,969,000 after buying an additional 11,911 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in LKQ by 18.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,829 shares of the auto parts company’s stock worth $231,000 after acquiring an additional 758 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

NASDAQ:LKQ opened at $40.01 on Friday. 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 company has a 50-day moving average of $41.22 and a 200-day moving average of $44.20. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 12.99 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its quarterly 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). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders 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 annualized dividend and a yield of 3.00%. LKQ’s dividend payout ratio is currently 38.96%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Wednesday. JPMorgan Chase & Co. raised 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. Robert W. Baird cut their target price 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. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Insider Activity

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

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.