Procyon Advisors LLC Boosts Stock Position in LKQ Co. (NASDAQ:LKQ)

Procyon Advisors LLC increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 13.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,524 shares of the auto parts company’s stock after purchasing an additional 1,641 shares during the quarter. Procyon Advisors LLC’s holdings in LKQ were worth $540,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of LKQ during the second quarter worth approximately $33,000. CVA Family Office LLC increased its position in shares of LKQ by 54.2% during the first 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 in the last quarter. Bruce G. Allen Investments LLC increased its position in shares of LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 289 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of LKQ by 29.8% during the second 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 in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of LKQ during the first quarter worth approximately $56,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LKQ. JPMorgan Chase & Co. boosted 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. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Robert W. Baird lowered their price objective on 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 reissued a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Wednesday, September 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling

In other news, CEO Justin L. Jude bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased 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 in the company, valued at approximately $8,281,923.65. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Andrew C. Clarke bought 7,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Justin L. Jude bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the purchase, the chief executive officer now owns 207,515 shares in the company, valued at $8,281,923.65. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,600 shares of company stock valued at $500,870. Corporate insiders own 0.55% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $39.00 on Wednesday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The business’s fifty day simple moving average is $40.17 and its 200-day simple moving average is $42.71. The firm has a market cap of $10.40 billion, a PE ratio of 12.66 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last announced 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 company earned $1.09 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts forecast that LKQ Co. will post 3.55 earnings per share 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, August 15th. LKQ’s payout ratio is 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.