Amalgamated Bank Purchases 14,164 Shares of LKQ Co. (NASDAQ:LKQ)

Amalgamated Bank increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,588 shares of the auto parts company’s stock after acquiring an additional 14,164 shares during the period. Amalgamated Bank’s holdings in LKQ were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in LKQ by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after buying an additional 253,639 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of LKQ by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after purchasing an additional 875,420 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of LKQ by 107,142.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 7,507 shares of the auto parts company’s stock valued at $312,000 after purchasing an additional 7,500 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in LKQ by 31.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,867,291 shares of the auto parts company’s stock worth $77,661,000 after purchasing an additional 449,526 shares in the last quarter. Finally, Guardian Wealth Management Inc. lifted its stake in LKQ by 1.5% in the 2nd quarter. Guardian Wealth Management Inc. now owns 75,847 shares of the auto parts company’s stock valued at $3,154,000 after purchasing an additional 1,100 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Trading Down 1.9 %

NASDAQ LKQ opened at $40.01 on Monday. The firm has a market capitalization of $10.67 billion, a PE ratio of 12.99 and a beta of 1.29. The business’s 50-day moving average price is $41.22 and its two-hundred day moving average price is $44.15. 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.

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

LKQ Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on LKQ. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Robert W. Baird lowered their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on 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, Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Buying and Selling at LKQ

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

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.