Hudson Edge Investment Partners Inc. Has $129,000 Stake in LKQ Co. (NASDAQ:LKQ)

Hudson Edge Investment Partners Inc. lowered its stake in LKQ Co. (NASDAQ:LKQ) by 24.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100 shares of the auto parts company’s stock after selling 1,000 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in LKQ were worth $129,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. lifted its position in LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 225 shares during the period. Rothschild Investment LLC bought a new stake in shares of LKQ during the second quarter worth approximately $33,000. CVA Family Office LLC lifted its holdings in LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after buying an additional 290 shares during the period. Quarry LP boosted its stake in LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 355 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in LKQ during the 1st quarter worth $56,000. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Down 1.8 %

LKQ stock traded down $0.75 during midday trading on Friday, hitting $39.98. 1,645,753 shares of the company’s stock were exchanged, compared to its average volume of 1,772,233. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The stock’s fifty day moving average price is $41.58 and its 200-day moving average price is $45.03. The company has a market cap of $10.67 billion, a PE ratio of 12.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ) last issued 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). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Research analysts predict that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on LKQ. Roth Mkm restated a “buy” rating and issued a $65.00 price target on shares of LKQ in a research report on Thursday, July 25th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday, July 25th. Finally, Robert W. Baird lowered 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.80.

Insider Activity at LKQ

In other news, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Andrew C. Clarke purchased 7,600 shares of LKQ stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $39.70 per share, with a total value of $301,720.00. Following 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 legal filing with the SEC, which is available at the SEC website. Also, SVP Matthew J. Mckay acquired 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the acquisition, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 12,600 shares of company stock valued at $500,870. 0.55% of the stock is owned by corporate insiders.

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.