Tredje AP fonden Sells 657 Shares of LKQ Co. (NASDAQ:LKQ)

Tredje AP fonden cut its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,073 shares of the auto parts company’s stock after selling 657 shares during the quarter. Tredje AP fonden’s holdings in LKQ were worth $1,750,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LKQ. Rothschild Investment LLC bought a new stake in LKQ in the 2nd quarter valued at $33,000. Quarry LP increased its holdings in shares of LKQ by 65.1% in the fourth 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 last quarter. CVA Family Office LLC lifted its position in shares of LKQ by 54.2% in the first 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 in the last quarter. Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in LKQ during the 1st quarter valued at approximately $56,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $40.01 on Friday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm has a 50 day moving average of $41.22 and a 200 day moving average of $44.25. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 12.99 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.

LKQ (NASDAQ:LKQ) last released its earnings results 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 firm 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 company earned $1.09 earnings per share. LKQ’s revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. LKQ’s dividend payout ratio is presently 38.96%.

Insider Transactions at LKQ

In other news, Director Andrew C. Clarke acquired 7,600 shares of the business’s stock in a transaction on 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 purchase, the director now owns 10,519 shares in the company, valued at $417,604.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other LKQ news, CEO Justin L. Jude acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the acquisition, 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. Insiders acquired a total of 12,600 shares of company stock valued at $500,870 in the last three months. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LKQ has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. 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 reduced their target price 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. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Wednesday. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, LKQ presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.