Matthew J. Mckay Acquires 2,500 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ) SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction dated Monday, July 29th. The shares were bought at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the transaction, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

LKQ Trading Down 0.2 %

Shares of LKQ traded down $0.07 during mid-day trading on Monday, reaching $40.11. The company had a trading volume of 1,580,434 shares, compared to its average volume of 1,794,987. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $55.52. The firm has a fifty day simple moving average of $42.46 and a 200-day simple moving average of $46.53. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 13.05 and a beta of 1.29. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share 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 during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that LKQ Co. will post 3.59 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, August 15th. LKQ’s payout ratio is currently 38.96%.

Analyst Upgrades and Downgrades

LKQ has been the subject of a number of recent research reports. Robert W. Baird lowered their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday. Roth Mkm restated a “buy” rating and set a $65.00 price objective on shares of LKQ in a report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $60.80.

Institutional Trading of LKQ

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of LKQ by 861.4% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 556,570 shares of the auto parts company’s stock valued at $23,148,000 after acquiring an additional 498,680 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in LKQ by 79.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,728 shares of the auto parts company’s stock valued at $1,985,000 after purchasing an additional 21,066 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of LKQ by 16.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 850,289 shares of the auto parts company’s stock worth $35,364,000 after purchasing an additional 121,258 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in shares of LKQ by 8.7% in the second quarter. Meixler Investment Management Ltd. now owns 7,795 shares of the auto parts company’s stock worth $324,000 after buying an additional 625 shares during the period. Finally, Skylands Capital LLC acquired a new stake in shares of LKQ in the second quarter valued at about $859,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

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 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.