LKQ Corporation (NASDAQ:LKQ) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,917 shares of the auto parts company’s stock after selling 646 shares during the period. Mackenzie Financial Corp’s holdings in LKQ were worth $720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of LKQ by 104.8% in the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company’s stock worth $42,000 after buying an additional 500 shares during the last quarter. Horizon Financial Services LLC bought a new stake in shares of LKQ in the first quarter worth $42,000. Bruce G. Allen Investments LLC increased its stake in shares of LKQ by 299.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company’s stock worth $48,000 after buying an additional 851 shares during the last quarter. Whittier Trust Co. increased its stake in shares of LKQ by 70.9% in the first quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company’s stock worth $73,000 after buying an additional 708 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of LKQ by 30.2% in the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company’s stock worth $79,000 after buying an additional 428 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LKQ has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird lowered their target price on shares of LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.40.

LKQ Stock Down 0.1%

LKQ stock opened at $29.94 on Thursday. The company has a 50-day simple moving average of $36.75 and a 200-day simple moving average of $39.14. The firm has a market capitalization of $7.70 billion, a P/E ratio of 10.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. LKQ Corporation has a one year low of $29.02 and a one year high of $44.82.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. As a group, equities analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. LKQ’s dividend payout ratio is currently 43.96%.

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.