SG Americas Securities LLC Has $1.45 Million Position in LKQ Co. (NASDAQ:LKQ)

SG Americas Securities LLC trimmed its holdings in LKQ Co. (NASDAQ:LKQ) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,416 shares of the auto parts company’s stock after selling 13,077 shares during the quarter. SG Americas Securities LLC’s holdings in LKQ were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in LKQ. Manning & Napier Advisors LLC acquired a new position in shares of LKQ during the 2nd quarter valued at $3,839,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of LKQ during the first quarter valued at about $1,468,000. Capital World Investors boosted its position in shares of LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock worth $31,136,000 after purchasing an additional 277,700 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of LKQ in the 1st quarter valued at about $1,910,000. Finally, Addenda Capital Inc. acquired a new stake in shares of LKQ in the 2nd quarter valued at about $6,419,000. Institutional investors own 95.63% of the company’s stock.

Insider Transactions at LKQ

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

Wall Street Analyst Weigh In

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

LKQ Stock Down 1.1 %

Shares of NASDAQ LKQ opened at $38.22 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The stock has a market capitalization of $10.20 billion, a PE ratio of 12.41 and a beta of 1.28. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The business’s fifty day moving average price is $40.29 and its 200-day moving average price is $43.10.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.05). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. On average, equities research analysts anticipate that LKQ Co. will post 3.55 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given 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 3.14%. LKQ’s dividend payout ratio is currently 38.96%.

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.