LKQ Co. (NASDAQ:LKQ) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its position in LKQ Co. (NASDAQ:LKQ) by 16.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,518 shares of the auto parts company’s stock after selling 11,635 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in LKQ were worth $2,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. bought a new stake in LKQ during the fourth quarter worth approximately $298,000. PNC Financial Services Group Inc. grew its holdings in shares of LKQ by 2.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 42,218 shares of the auto parts company’s stock worth $2,018,000 after acquiring an additional 1,129 shares during the last quarter. UBS Group AG raised its position in shares of LKQ by 2.2% during the fourth quarter. UBS Group AG now owns 564,319 shares of the auto parts company’s stock worth $26,969,000 after purchasing an additional 11,911 shares during the period. Coldstream Capital Management Inc. raised its position in shares of LKQ by 18.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,829 shares of the auto parts company’s stock worth $231,000 after purchasing an additional 758 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of LKQ by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 63,944 shares of the auto parts company’s stock valued at $3,056,000 after purchasing an additional 7,419 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Insider Activity at LKQ

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

LKQ Stock Performance

Shares of LKQ opened at $40.13 on Tuesday. The company has a market capitalization of $10.71 billion, a PE ratio of 13.03 and a beta of 1.29. 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’s 50 day moving average price is $41.15 and its 200 day moving average price is $44.07. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results 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). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. Research analysts expect that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. LKQ’s dividend payout ratio is 38.96%.

Analysts Set New Price Targets

Several analysts have issued reports on LKQ shares. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Wednesday, September 18th. Robert W. Baird cut their price target 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. 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. Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Finally, StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.