Posted by admin on Jul 18th, 2022
DekaBank Deutsche Girozentrale raised its holdings in shares of LKQ Co. (NASDAQ:LKQ – Get Rating) by 18.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,957 shares of the auto parts company’s stock after purchasing an additional 21,596 shares during the period. DekaBank Deutsche Girozentrale’s holdings in LKQ were worth $6,560,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Confluence Wealth Services Inc. purchased a new position in shares of LKQ in the 4th quarter worth $40,000. Exane Derivatives boosted its stake in shares of LKQ by 3,788.9% in the 4th quarter. Exane Derivatives now owns 700 shares of the auto parts company’s stock worth $42,000 after buying an additional 682 shares during the last quarter. UMB Bank N A MO purchased a new position in shares of LKQ in the 4th quarter worth $50,000. Itau Unibanco Holding S.A. purchased a new position in shares of LKQ in the 4th quarter worth $67,000. Finally, AlphaCentric Advisors LLC purchased a new position in shares of LKQ in the 4th quarter worth $86,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
In other LKQ news, Director Patrick Berard sold 702 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total transaction of $34,903.44. Following the sale, the director now directly owns 11,806 shares of the company’s stock, valued at $586,994.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Patrick Berard sold 702 shares of LKQ stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total value of $34,903.44. Following the sale, the director now directly owns 11,806 shares of the company’s stock, valued at $586,994.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Holdings L.P. Valueact sold 5,000,000 shares of LKQ stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total value of $251,750,000.00. Following the completion of the sale, the director now directly owns 12,552,751 shares in the company, valued at $632,031,012.85. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.
NASDAQ LKQ opened at $49.95 on Monday. The company has a market capitalization of $14.13 billion, a PE ratio of 13.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 1.88. The business’s fifty day moving average is $49.96 and its 200 day moving average is $50.25. LKQ Co. has a fifty-two week low of $42.36 and a fifty-two week high of $60.43.
LKQ (NASDAQ:LKQ – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The auto parts company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.09. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.29 billion. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Sell-side analysts predict that LKQ Co. will post 3.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%. LKQ’s dividend payout ratio is presently 26.81%.
A number of equities analysts have recently issued reports on LKQ shares. StockNews.com downgraded LKQ from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 13th. MKM Partners began coverage on LKQ in a research note on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price target on the stock. Raymond James lowered their target price on LKQ from $62.00 to $59.00 in a research report on Monday, April 11th. Finally, Barrington Research upgraded LKQ from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ has a consensus rating of “Buy” and a consensus price target of $64.00.
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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