1832 Asset Management L.P. Buys 2,194 Shares of LKQ Co. (NASDAQ:LKQ)

1832 Asset Management L.P. boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,337 shares of the auto parts company’s stock after purchasing an additional 2,194 shares during the period. 1832 Asset Management L.P.’s holdings in LKQ were worth $1,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of LKQ during the 2nd quarter valued at about $33,000. Quarry LP increased its holdings in LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after buying an additional 355 shares during the last quarter. CVA Family Office LLC raised its position in 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 acquiring an additional 290 shares during the period. Banque Cantonale Vaudoise boosted its stake in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of LKQ during the 1st quarter valued at $56,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

LKQ Stock Up 2.6 %

NASDAQ LKQ opened at $40.10 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The stock’s 50 day moving average is $40.80 and its 200 day moving average is $43.93. The stock has a market cap of $10.70 billion, a PE ratio of 13.02 and a beta of 1.29.

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 company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that LKQ Co. will post 3.55 EPS for the current fiscal year.

LKQ Dividend Announcement

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

Insider Transactions at LKQ

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

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.