LKQ Co. (NASDAQ:LKQ) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,974 shares of the auto parts company’s stock after purchasing an additional 7,914 shares during the period. DNB Asset Management AS’s holdings in LKQ were worth $2,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of LKQ by 0.8% during the 4th quarter. Arizona State Retirement System now owns 73,535 shares of the auto parts company’s stock worth $3,514,000 after buying an additional 612 shares during the last quarter. Private Trust Co. NA increased its position in shares of LKQ by 228.4% during the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of LKQ in the 4th quarter valued at about $1,408,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of LKQ in the 4th quarter valued at about $278,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in LKQ by 23.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,373 shares of the auto parts company’s stock worth $2,933,000 after buying an additional 11,684 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.32 during midday trading on Tuesday, hitting $39.59. The stock had a trading volume of 1,326,480 shares, compared to its average volume of 1,805,590. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $54.60. 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 stock has a 50 day moving average price of $42.14 and a two-hundred day moving average price of $46.30. The company has a market capitalization of $10.56 billion, a PE ratio of 12.88 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 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 for the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. As a group, equities analysts predict that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

Insiders Place Their Bets

In related news, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction on Monday, July 29th. The shares were bought at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the transaction, the senior vice president now owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Matthew J. Mckay purchased 2,500 shares of the company’s 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 transaction, the senior vice president now directly owns 94,670 shares in the company, valued at approximately $3,763,132.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew C. Clarke purchased 7,600 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $39.70 per share, with a total value 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. In the last ninety days, insiders have purchased 13,084 shares of company stock worth $521,096. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LKQ shares. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday, July 25th. Robert W. Baird decreased their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Roth Mkm restated a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Thursday, July 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.80.

About LKQ

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.