LKQ Co. (NASDAQ:LKQ) Stock Holdings Lifted by Wahed Invest LLC

Wahed Invest LLC lifted its holdings in LKQ Co. (NASDAQ:LKQ) by 13.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,174 shares of the auto parts company’s stock after buying an additional 627 shares during the quarter. Wahed Invest LLC’s holdings in LKQ were worth $276,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Choreo LLC acquired a new stake in shares of LKQ in the 4th quarter worth about $851,000. Homestead Advisers Corp acquired a new position in LKQ during the 4th quarter valued at about $20,583,000. KBC Group NV increased its stake in LKQ by 49.2% during the 4th quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock valued at $32,929,000 after buying an additional 227,314 shares during the period. River Road Asset Management LLC increased its stake in LKQ by 2.5% during the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock valued at $224,154,000 after buying an additional 114,207 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in LKQ during the 1st quarter valued at about $1,468,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Down 0.1 %

Shares of LKQ traded down $0.03 during midday trading on Friday, hitting $40.14. The stock had a trading volume of 1,664,170 shares, compared to its average volume of 1,809,307. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $55.21. The business has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $46.36. The firm has a market cap of $10.57 billion, a P/E ratio of 12.97 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 announced 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 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 analyst estimates of $3.87 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that LKQ Co. will post 3.6 EPS for the current year.

LKQ Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, August 15th. LKQ’s payout ratio is 38.96%.

Insiders Place Their Bets

In related news, Director Andrew C. Clarke purchased 7,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost 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 in the company, valued at approximately $417,604.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other LKQ news, Director Andrew C. Clarke bought 7,600 shares of LKQ stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The disclosure for this sale can be found here. Insiders bought a total of 13,084 shares of company stock worth $521,096 over the last ninety days. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Mkm reissued a “buy” rating and set a $65.00 target price on shares of LKQ in a research note on Thursday, July 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Finally, Robert W. Baird lowered their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.