LKQ Co. (NASDAQ:LKQ) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. cut its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 14.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,629 shares of the auto parts company’s stock after selling 2,252 shares during the period. Wright Investors Service Inc.’s holdings in LKQ were worth $544,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in LKQ during the 2nd quarter worth about $33,000. CVA Family Office LLC lifted its position in shares of LKQ by 54.2% in the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 290 shares in the last quarter. Quarry LP boosted its stake in LKQ by 65.1% in 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 during the period. Fidelis Capital Partners LLC purchased a new position in LKQ during the 1st quarter worth approximately $56,000. Finally, Banque Cantonale Vaudoise raised its stake in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Up 0.2 %

NASDAQ LKQ traded up $0.07 during trading on Friday, reaching $39.22. The company’s stock had a trading volume of 2,194,460 shares, compared to its average volume of 1,847,014. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.46 billion, a PE ratio of 12.73 and a beta of 1.28. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The business has a 50-day moving average price of $40.38 and a 200-day moving average price of $43.37.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts forecast that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Thursday, August 15th. LKQ’s payout ratio is 38.96%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LKQ shares. Roth Mkm reissued a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird decreased their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Insiders Place Their Bets

In other news, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the purchase, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other LKQ news, Director Andrew C. Clarke purchased 7,600 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the acquisition, the director now directly owns 10,519 shares in the company, valued at $417,604.30. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew J. Mckay acquired 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was bought at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the purchase, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,600 shares of company stock valued at $500,870 over the last 90 days. 0.55% of the stock is currently owned by company insiders.

About LKQ

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.