Private Advisor Group LLC acquired a new stake in LKQ Co. (NASDAQ:LKQ – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,906 shares of the auto parts company’s stock, valued at approximately $335,000.
Other hedge funds also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of LKQ by 81.1% in the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock valued at $28,000 after buying an additional 279 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new stake in LKQ in the first quarter worth about $35,000. Venturi Wealth Management LLC acquired a new stake in LKQ in the first quarter worth about $36,000. Resurgent Financial Advisors LLC acquired a new stake in LKQ in the fourth quarter worth about $42,000. Finally, MV Capital Management Inc. increased its position in LKQ by 204.8% in the first quarter. MV Capital Management Inc. now owns 756 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 508 shares during the period. 93.67% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
LKQ has been the subject of a number of research reports. StockNews.com lowered LKQ from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Robert W. Baird restated an “outperform” rating and set a $65.00 target price on shares of LKQ in a research report on Monday, August 28th.
In other news, Director Meg Divitto sold 2,300 shares of LKQ stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $54.16, for a total transaction of $124,568.00. Following the transaction, the director now owns 15,607 shares in the company, 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 company insiders.
LKQ Price Performance
LKQ stock opened at $52.87 on Tuesday. The firm has a market capitalization of $14.15 billion, a P/E ratio of 14.17 and a beta of 1.35. LKQ Co. has a 1 year low of $46.20 and a 1 year high of $59.38. The business has a 50-day moving average of $55.24 and a 200-day moving average of $55.49. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 0.57.
LKQ (NASDAQ:LKQ – Get Free Report) last posted its earnings results on Thursday, July 27th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. LKQ had a return on equity of 18.65% and a net margin of 7.80%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that LKQ Co. will post 4 EPS for the current year.
LKQ Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, August 16th. LKQ’s dividend payout ratio (DPR) is presently 29.49%.
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.
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