Envestnet Asset Management Inc. Has $22.11 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Envestnet Asset Management Inc. lifted its position in shares of LKQ Co. (NASDAQ:LKQGet Rating) by 21.4% during the 1st quarter, Holdings Channel reports. The firm owned 486,889 shares of the auto parts company’s stock after purchasing an additional 85,799 shares during the quarter. Envestnet Asset Management Inc.’s holdings in LKQ were worth $22,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LKQ. Janney Montgomery Scott LLC grew its stake in LKQ by 24.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,380 shares of the auto parts company’s stock valued at $2,484,000 after buying an additional 8,158 shares during the last quarter. Bessemer Group Inc. grew its stake in LKQ by 55.7% in the 4th quarter. Bessemer Group Inc. now owns 3,907 shares of the auto parts company’s stock valued at $234,000 after buying an additional 1,397 shares during the last quarter. Yousif Capital Management LLC acquired a new position in LKQ in the 4th quarter valued at about $2,612,000. CWM LLC acquired a new position in LKQ in the 4th quarter valued at about $770,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in LKQ by 12.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 421,379 shares of the auto parts company’s stock valued at $25,295,000 after buying an additional 46,439 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LKQ has been the subject of a number of recent research reports. Raymond James reissued a “maintains” rating on shares of LKQ in a report on Friday, July 29th. MKM Partners initiated coverage on shares of LKQ in a report on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price objective for the company. StockNews.com downgraded shares of LKQ from a “strong-buy” rating to a “buy” rating in a report on Friday, July 29th. Finally, Barrington Research raised shares of LKQ from a “market perform” rating to an “outperform” rating in a report on Thursday, April 28th.

Insider Activity

In other news, Director Patrick Berard sold 702 shares of LKQ stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total value of $34,903.44. Following the transaction, the director now owns 11,806 shares in the company, valued at approximately $586,994.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Holdings L.P. Valueact sold 5,000,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total transaction of $251,750,000.00. Following the sale, the director now owns 12,552,751 shares in the company, valued at approximately $632,031,012.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick Berard sold 702 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total value of $34,903.44. Following the sale, the director now owns 11,806 shares in the company, valued at approximately $586,994.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,070,702 shares of company stock worth $255,605,503. Insiders own 0.47% of the company’s stock.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $54.72 on Wednesday. The company’s 50 day simple moving average is $50.78 and its 200 day simple moving average is $49.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 0.68. LKQ Co. has a 1 year low of $42.36 and a 1 year high of $60.43. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 13.00 and a beta of 1.40.

LKQ (NASDAQ:LKQGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company posted $1.13 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts predict that LKQ Co. will post 3.92 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. LKQ’s payout ratio is 23.75%.

LKQ Profile

(Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

Read More

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQGet Rating).

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.