National Bank of Canada FI Buys 14,125 Shares of LKQ Co. (NASDAQ:LKQ)

National Bank of Canada FI grew its stake in shares of LKQ Co. (NASDAQ:LKQ) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,460 shares of the auto parts company’s stock after buying an additional 14,125 shares during the quarter. National Bank of Canada FI’s holdings in LKQ were worth $3,256,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in LKQ during the second quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. increased its position in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Quarry LP raised 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. CVA Family Office LLC lifted its position in LKQ by 54.2% in the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after buying an additional 290 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Andrew C. Clarke purchased 7,600 shares of LKQ 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 directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were bought 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 approximately $417,604.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Justin L. Jude acquired 2,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $39.91 per share, with a total value of $99,775.00. Following the acquisition, the chief executive officer now owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. Insiders acquired 12,600 shares of company stock valued at $500,870 over the last quarter. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several research reports. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, July 25th. Roth Mkm restated a “buy” rating and set a $65.00 price target on shares of LKQ in a research report on Thursday, July 25th. Finally, Robert W. Baird decreased their price objective on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ currently has an average rating of “Buy” and a consensus target price of $60.80.

LKQ Trading Down 2.5 %

NASDAQ:LKQ opened at $38.98 on Wednesday. The firm has a market capitalization of $10.26 billion, a P/E ratio of 12.66 and a beta of 1.29. 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 fifty day moving average of $41.49 and a 200 day moving average of $44.82. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last issued 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 firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share. On average, research analysts predict that LKQ Co. will post 3.6 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders 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 dividend yield of 3.08%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.