LKQ Co. (NASDAQ:LKQ) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its holdings in LKQ Co. (NASDAQ:LKQ) by 552.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,236,158 shares of the auto parts company’s stock after purchasing an additional 1,046,805 shares during the period. Millennium Management LLC owned approximately 0.46% of LKQ worth $51,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LKQ. Rothschild Investment LLC purchased a new position in LKQ during the second quarter worth about $33,000. CVA Family Office LLC boosted its position in shares of LKQ by 54.2% during the 1st 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 during the period. Quarry LP increased its holdings in LKQ by 65.1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in LKQ in the first quarter valued at approximately $56,000. Finally, Banque Cantonale Vaudoise lifted its stake in 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. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LKQ shares. JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Robert W. Baird cut their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling

In related news, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was purchased at an average cost of $39.91 per share, with a total value of $99,775.00. Following the transaction, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The disclosure for this purchase can be found here. Insiders acquired a total of 12,600 shares of company stock worth $500,870 over the last 90 days. 0.55% of the stock is owned by insiders.

LKQ Stock Down 1.1 %

Shares of NASDAQ:LKQ opened at $39.92 on Tuesday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm’s 50 day moving average price is $40.60 and its 200 day moving average price is $43.65. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 12.96 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm posted $1.09 earnings per share. LKQ’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

LKQ 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.