LKQ Co. (NASDAQ:LKQ) Stock Holdings Lowered by Foster & Motley Inc.

Foster & Motley Inc. cut its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 37.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,589 shares of the auto parts company's stock after selling 16,722 shares during the quarter. Foster & Motley Inc.'s holdings in LKQ were worth $1,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Benjamin F. Edwards & Company Inc. raised its holdings in shares of LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company's stock valued at $37,000 after buying an additional 225 shares during the last quarter. Rothschild Investment LLC acquired a new position in LKQ during the 2nd quarter worth $33,000. CVA Family Office LLC boosted its position in LKQ by 54.2% during the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company's stock worth $44,000 after acquiring an additional 290 shares during the period. Quarry LP grew its stake in shares of LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company's stock worth $43,000 after purchasing an additional 355 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of LKQ during the first quarter valued at $56,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LKQ

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

LKQ Trading Down 2.1 %

Shares of NASDAQ LKQ opened at $40.73 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 13.22 and a beta of 1.29. The business has a fifty day simple moving average of $41.61 and a 200-day simple moving average of $45.14.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Sell-side analysts predict that LKQ Co. will post 3.6 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ's payout ratio is 38.96%.

Analyst Upgrades and Downgrades

Several research firms have commented on LKQ. Robert W. Baird lowered their target price 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. Roth Mkm reiterated a "buy" rating and set a $65.00 price objective on shares of LKQ in a research note on Thursday, July 25th. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, July 25th. One research 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 an average rating of "Moderate Buy" and an average target price of $60.80.

View Our Latest Stock Analysis on LKQ

LKQ Company 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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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