Hsbc Holdings PLC Sells 66,649 Shares of LKQ Co. (NASDAQ:LKQ)

Hsbc Holdings PLC trimmed its stake in LKQ Co. (NASDAQ:LKQGet Rating) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,209,426 shares of the auto parts company’s stock after selling 66,649 shares during the quarter. Hsbc Holdings PLC owned approximately 0.43% of LKQ worth $55,229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LKQ. Northern Trust Corp grew its stake in shares of LKQ by 0.6% in the first quarter. Northern Trust Corp now owns 3,326,163 shares of the auto parts company’s stock valued at $151,040,000 after buying an additional 20,361 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in LKQ in the first quarter valued at $275,000. Ancora Advisors LLC increased its stake in shares of LKQ by 4.4% during the 1st quarter. Ancora Advisors LLC now owns 6,550 shares of the auto parts company’s stock worth $277,000 after purchasing an additional 275 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of LKQ by 287.1% in the 1st quarter. Verition Fund Management LLC now owns 20,905 shares of the auto parts company’s stock valued at $949,000 after purchasing an additional 15,505 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in LKQ by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,039,275 shares of the auto parts company’s stock valued at $92,604,000 after purchasing an additional 55,796 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director John W. Mendel sold 1,617 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $54.61, for a total transaction of $88,304.37. Following the sale, the director now directly owns 15,203 shares of the company’s stock, valued at approximately $830,235.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director John W. Mendel sold 1,617 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $54.61, for a total transaction of $88,304.37. Following the sale, the director now owns 15,203 shares in the company, valued at approximately $830,235.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph M. Holsten sold 70,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the transaction, the director now owns 136,901 shares of the company’s stock, valued at $7,472,056.58. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $53.65 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 0.68. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 12.74 and a beta of 1.38. The stock’s fifty day moving average price is $53.38 and its two-hundred day moving average price is $50.07. LKQ Co. has a one year low of $42.36 and a one year high of $60.43.

LKQ (NASDAQ:LKQGet Rating) last released its quarterly earnings results on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.39 billion. LKQ had a net margin of 9.21% and a return on equity of 19.88%. LKQ’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. On average, equities analysts forecast that LKQ Co. will post 3.95 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, August 10th. LKQ’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LKQ. MKM Partners started coverage on LKQ in a research note on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price objective on the stock. Guggenheim raised their price target on LKQ to $70.00 in a report on Monday, August 15th. Finally, StockNews.com raised shares of LKQ from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 4th.

LKQ Company Profile

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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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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