LKQ Co. (NASDAQ:LKQ) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of LKQ Co. (NASDAQ:LKQ) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,779 shares of the auto parts company’s stock after acquiring an additional 1,003 shares during the quarter. Commonwealth Equity Services LLC’s holdings in LKQ were worth $989,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Homestead Advisers Corp purchased a new position in LKQ in the 4th quarter worth about $20,583,000. Manning & Napier Advisors LLC bought a new stake in shares of LKQ in the 2nd quarter valued at approximately $3,839,000. KBC Group NV grew its stake in shares of LKQ by 49.2% in the 4th quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock valued at $32,929,000 after buying an additional 227,314 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of LKQ in the 1st quarter valued at approximately $1,468,000. Finally, Capital World Investors grew its stake in shares of LKQ by 91.0% in the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after buying an additional 277,700 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

NASDAQ LKQ opened at $40.84 on Wednesday. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a 50 day moving average of $41.37 and a 200-day moving average of $44.46. 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 firm has a market cap of $10.90 billion, a price-to-earnings ratio of 13.26 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. LKQ’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, equities analysts forecast that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio is currently 38.96%.

Insider Activity

In other news, SVP Matthew J. Mckay acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other LKQ 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, with a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew C. Clarke purchased 7,600 shares of the 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 completion of the acquisition, the director now owns 10,519 shares in the company, valued at $417,604.30. The disclosure for this purchase can be found here. Insiders have acquired 12,600 shares of company stock worth $500,870 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent analyst reports. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird decreased their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, July 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. One equities 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

LKQ Company 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.