Vanguard Personalized Indexing Management LLC Sells 12,762 Shares of LKQ Co. (NASDAQ:LKQ)

Vanguard Personalized Indexing Management LLC lessened its holdings in LKQ Co. (NASDAQ:LKQ) by 28.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,177 shares of the auto parts company’s stock after selling 12,762 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in LKQ were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in LKQ in the second quarter valued at about $33,000. Quarry LP grew its stake in shares of LKQ by 65.1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. CVA Family Office LLC raised its holdings in shares of 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 in the last quarter. Banque Cantonale Vaudoise lifted its position 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 buying an additional 278 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of LKQ during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

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

LKQ Price Performance

Shares of LKQ stock opened at $40.01 on Monday. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. 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’s 50 day moving average is $41.22 and its 200-day moving average is $44.15. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 12.99 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted 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). The firm had revenue of $3.70 billion for 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%. The firm’s quarterly revenue 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. Sell-side analysts forecast that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

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. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. LKQ’s payout ratio is 38.96%.

Insiders Place Their Bets

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

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.