Blair William & Co. IL Has $305,000 Stock Position in LKQ Co. (NASDAQ:LKQ)

Blair William & Co. IL grew its position in LKQ Co. (NASDAQ:LKQ) by 75.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,322 shares of the auto parts company’s stock after buying an additional 3,156 shares during the period. Blair William & Co. IL’s holdings in LKQ were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LKQ. Rothschild Investment LLC acquired a new position in LKQ in the 2nd quarter worth $33,000. CVA Family Office LLC boosted its stake in 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 purchasing an additional 290 shares during the period. Quarry LP boosted its stake in LKQ by 65.1% in the 4th 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 period. Fidelis Capital Partners LLC acquired a new position in LKQ in the 1st quarter worth $56,000. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In related news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average cost 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 in the company, valued at $3,763,132.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other LKQ news, Director Andrew C. Clarke bought 7,600 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the transaction, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew J. Mckay bought 2,500 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were acquired at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the transaction, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The disclosure for this purchase can be found here. Insiders have purchased 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Wednesday, September 18th. Roth Mkm reissued a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird cut their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

LKQ Stock Up 2.6 %

Shares of LKQ stock opened at $40.10 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The firm’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 price-to-earnings ratio of 13.02 and a beta of 1.29. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (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 the consensus estimate of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. Sell-side analysts predict that LKQ Co. will post 3.55 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders 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 2.99%. LKQ’s dividend payout ratio is currently 38.96%.

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.