LKQ Co. (NASDAQ:LKQ) Stock Position Decreased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lowered its holdings in LKQ Co. (NASDAQ:LKQ) by 39.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,026 shares of the auto parts company’s stock after selling 283,367 shares during the period. Anchor Capital Advisors LLC owned about 0.16% of LKQ worth $17,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in shares of LKQ in the 2nd quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 225 shares during the period. Quarry LP grew its position in shares of LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 355 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of LKQ by 54.2% in the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 290 shares during the period. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Thursday, July 25th. Robert W. Baird decreased their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Roth Mkm restated a “buy” rating and set a $65.00 price objective on shares of LKQ in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.80.

Insider Buying and Selling at LKQ

In other news, Director Andrew C. Clarke bought 7,600 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other LKQ news, Director Andrew C. Clarke purchased 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the acquisition, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Justin L. Jude acquired 2,500 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now directly owns 207,515 shares in the company, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 12,600 shares of company stock valued at $500,870. 0.55% of the stock is currently owned by corporate insiders.

LKQ Price Performance

Shares of LKQ stock opened at $39.98 on Friday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $41.58 and its two-hundred day moving average price is $45.03. The stock has a market cap of $10.67 billion, a PE ratio of 12.98 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 3.00%. LKQ’s payout ratio is presently 38.96%.

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.