Posted by admin on Aug 7th, 2022
IFM Investors Pty Ltd boosted its position in shares of LKQ Co. (NASDAQ:LKQ – Get Rating) by 14.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,314 shares of the auto parts company’s stock after acquiring an additional 5,652 shares during the period. IFM Investors Pty Ltd’s holdings in LKQ were worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in LKQ by 4.3% during the fourth quarter. BlackRock Inc. now owns 22,040,628 shares of the auto parts company’s stock valued at $1,323,099,000 after acquiring an additional 907,227 shares during the last quarter. State Street Corp raised its holdings in shares of LKQ by 4.4% in the fourth quarter. State Street Corp now owns 12,332,198 shares of the auto parts company’s stock worth $740,302,000 after buying an additional 515,085 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of LKQ by 18.4% in the fourth quarter. Lazard Asset Management LLC now owns 5,835,394 shares of the auto parts company’s stock worth $350,298,000 after buying an additional 907,640 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of LKQ by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,812,305 shares of the auto parts company’s stock worth $348,150,000 after buying an additional 69,123 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of LKQ in the fourth quarter worth $328,484,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
A number of research firms have issued reports on LKQ. MKM Partners began coverage on shares of LKQ in a report on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price target for the company. StockNews.com cut shares of LKQ from a “strong-buy” rating to a “buy” rating in a report on Friday, July 29th. Raymond James reduced their target price on shares of LKQ from $62.00 to $59.00 in a report on Monday, April 11th. Finally, Barrington Research raised shares of LKQ from a “market perform” rating to an “outperform” rating in a report on Thursday, April 28th.
In other news, Director Patrick Berard sold 702 shares of LKQ stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $49.72, for a total value of $34,903.44. Following the sale, the director now owns 11,806 shares in the company, valued at $586,994.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Patrick Berard sold 702 shares of LKQ stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $49.72, for a total value of $34,903.44. Following the sale, the director now owns 11,806 shares in the company, valued at $586,994.32. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 shares were sold at an average price of $50.35, for a total transaction of $251,750,000.00. Following the completion of the sale, the director now owns 12,552,751 shares in the company, valued at approximately $632,031,012.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,070,702 shares of company stock worth $255,605,503. 0.47% of the stock is owned by company insiders.
Shares of LKQ stock opened at $55.08 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 0.68. The firm has a fifty day moving average price of $51.01 and a 200 day moving average price of $49.88. LKQ Co. has a 1 year low of $42.36 and a 1 year high of $60.43. The stock has a market cap of $15.11 billion, a PE ratio of 13.08 and a beta of 1.40.
LKQ (NASDAQ:LKQ – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.39 billion. LKQ had a net margin of 9.21% and a return on equity of 19.88%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.13 earnings per share. Equities research analysts predict that LKQ Co. will post 3.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.00 annualized dividend and a yield of 1.82%. LKQ’s dividend payout ratio is presently 23.75%.
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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