OLD Second National Bank of Aurora Has $2.38 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

OLD Second National Bank of Aurora trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,500 shares of the auto parts company’s stock after selling 277 shares during the quarter. OLD Second National Bank of Aurora’s holdings in LKQ were worth $2,377,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of LKQ by 1.3% during the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock worth $1,497,478,000 after acquiring an additional 382,054 shares during the last quarter. Wellington Management Group LLP raised its position in shares of LKQ by 9.5% during the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock worth $540,398,000 after acquiring an additional 977,585 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of LKQ by 5.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock worth $537,690,000 after acquiring an additional 626,010 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of LKQ by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock worth $486,775,000 after acquiring an additional 111,124 shares during the last quarter. Finally, Boston Partners increased its holdings in LKQ by 22.0% in the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock worth $358,848,000 after purchasing an additional 1,351,389 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Robert W. Baird lowered their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $65.00 target price on shares of LKQ in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.60.

LKQ Stock Performance

LKQ stock traded up $1.01 during midday trading on Friday, hitting $43.67. The company’s stock had a trading volume of 376,463 shares, compared to its average volume of 1,746,314. The stock’s 50-day moving average price is $42.53 and its 200 day moving average price is $46.81. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. LKQ Co. has a 1 year low of $39.72 and a 1 year high of $59.24. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 13.85 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, equities analysts forecast that LKQ Co. will post 3.93 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. LKQ’s payout ratio is 38.96%.

Insider Activity at LKQ

In related news, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the sale, the director now directly owns 15,606 shares in the company, valued at approximately $694,467. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

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.