Creative Planning Purchases 8,442 Shares of LKQ Co. (NASDAQ:LKQ)

Creative Planning raised its position in LKQ Co. (NASDAQ:LKQ) by 78.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,175 shares of the auto parts company’s stock after buying an additional 8,442 shares during the quarter. Creative Planning’s holdings in LKQ were worth $798,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LKQ. Millennium Management LLC grew its holdings in shares of LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after purchasing an additional 1,046,805 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of LKQ by 9.5% during the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after purchasing an additional 977,585 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of LKQ by 7.9% during 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 during the last quarter. Cooke & Bieler LP grew its holdings in shares of LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after purchasing an additional 712,698 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Trading Up 1.9 %

NASDAQ:LKQ opened at $39.04 on Friday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm’s fifty day moving average is $40.17 and its 200-day moving average is $42.95. The firm has a market cap of $10.41 billion, a P/E ratio of 12.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ) last issued its quarterly 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). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Equities analysts expect 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. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insiders Place Their Bets

In related news, SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction 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 of the company’s stock, valued at $3,763,132.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Matthew J. Mckay acquired 2,500 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was purchased at an average price 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 $417,604.30. This trade represents a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 12,600 shares of company stock worth $500,870. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LKQ. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Wednesday, September 18th. 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. Robert W. Baird reduced their price objective 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. Finally, StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and an average target price of $58.00.

LKQ 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.