LKQ Co. (NASDAQ:LKQ) Shares Acquired by Delphi Management Inc. MA

Delphi Management Inc. MA lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the auto parts company’s stock after acquiring an additional 957 shares during the quarter. Delphi Management Inc. MA’s holdings in LKQ were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. 3Chopt Investment Partners LLC purchased a new stake in LKQ during the 2nd quarter worth $282,000. Quarry LP increased its stake in LKQ by 849.1% during the 2nd quarter. Quarry LP now owns 2,145 shares of the auto parts company’s stock worth $89,000 after buying an additional 1,919 shares during the period. Creative Planning increased its stake in LKQ by 78.7% during the 2nd quarter. Creative Planning now owns 19,175 shares of the auto parts company’s stock worth $798,000 after buying an additional 8,442 shares during the period. Copperwynd Financial LLC increased its stake in LKQ by 14.4% during the 2nd quarter. Copperwynd Financial LLC now owns 16,159 shares of the auto parts company’s stock worth $671,000 after buying an additional 2,032 shares during the period. Finally, Sepio Capital LP increased its stake in LKQ by 41.1% during the 2nd quarter. Sepio Capital LP now owns 41,113 shares of the auto parts company’s stock worth $1,710,000 after buying an additional 11,968 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LKQ. Robert W. Baird dropped their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Wednesday, September 18th. JPMorgan Chase & Co. boosted their target price 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. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One 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, LKQ has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Activity

In other news, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of $39.75 per share, with a total value of $99,375.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of $39.75 per share, with a total value of $99,375.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew C. Clarke purchased 7,600 shares of LKQ stock in a transaction dated 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 in the company, valued at approximately $417,604.30. The disclosure for this purchase can be found here. In the last three months, insiders acquired 12,600 shares of company stock valued at $500,870. Company insiders own 0.55% of the company’s stock.

LKQ Trading Down 1.1 %

NASDAQ LKQ opened at $39.92 on Tuesday. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company has a 50-day simple moving average of $40.60 and a 200-day simple moving average of $43.65. 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 has a market capitalization of $10.65 billion, a PE ratio of 12.96 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that LKQ Co. will post 3.55 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is presently 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.