LKQ Co. (NASDAQ:LKQ) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in LKQ Co. (NASDAQ:LKQ) by 309.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,767,288 shares of the auto parts company’s stock after buying an additional 2,090,958 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.04% of LKQ worth $36,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Czech National Bank boosted its holdings in shares of LKQ by 0.7% in the 1st quarter. Czech National Bank now owns 29,907 shares of the auto parts company’s stock valued at $1,698,000 after buying an additional 198 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of LKQ by 1.2% during the first quarter. Creative Financial Designs Inc. ADV now owns 17,569 shares of the auto parts company’s stock valued at $997,000 after purchasing an additional 204 shares during the last quarter. Advisors Capital Management LLC raised its position in shares of LKQ by 5.6% during the 1st quarter. Advisors Capital Management LLC now owns 4,130 shares of the auto parts company’s stock worth $234,000 after purchasing an additional 220 shares during the period. Van ECK Associates Corp boosted its position in LKQ by 3.0% during the 1st quarter. Van ECK Associates Corp now owns 7,655 shares of the auto parts company’s stock valued at $434,000 after purchasing an additional 221 shares during the period. Finally, Studio Investment Management LLC grew its stake in LKQ by 2.4% during the 4th quarter. Studio Investment Management LLC now owns 9,977 shares of the auto parts company’s stock worth $533,000 after buying an additional 235 shares during the last quarter. 93.67% of the stock is owned by institutional investors.

LKQ Trading Up 2.0 %

Shares of LKQ stock opened at $53.14 on Wednesday. LKQ Co. has a fifty-two week low of $46.20 and a fifty-two week high of $59.38. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $14.22 billion, a P/E ratio of 14.25 and a beta of 1.34. The stock has a 50-day simple moving average of $55.39 and a 200 day simple moving average of $55.62.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 27th. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.46 billion. LKQ had a net margin of 7.80% and a return on equity of 18.65%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. On average, sell-side analysts expect that LKQ Co. will post 4 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, August 16th. LKQ’s dividend payout ratio is 29.49%.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of LKQ in a report on Monday. StockNews.com upgraded shares of LKQ from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Insider Transactions at LKQ

In related news, Director Meg Divitto sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $54.16, for a total value of $124,568.00. Following the completion of the transaction, the director now owns 15,607 shares of the company’s stock, valued at approximately $845,275.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

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 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.