Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of LKQ Co. (NASDAQ:LKQ – Free Report) by 2.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 44,285 shares of the auto parts company’s stock after buying an additional 1,257 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LKQ were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of LKQ. Clear Street Markets LLC increased its stake in shares of LKQ by 94.1% during the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 241 shares during the last quarter. Covestor Ltd increased its stake in shares of LKQ by 81.1% during the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of LKQ during the 1st quarter worth approximately $36,000. Steward Partners Investment Advisory LLC increased its stake in shares of LKQ by 55.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 262 shares during the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of LKQ during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Wall Street Analyst Weigh In
LKQ has been the subject of a number of recent research reports. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 price objective on shares of LKQ in a research note on Monday, August 28th.
LKQ Stock Down 0.2 %
LKQ stock opened at $45.45 on Tuesday. LKQ Co. has a 1-year low of $41.49 and a 1-year high of $59.38. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 12.81 and a beta of 1.34. The company has a current ratio of 1.49, a quick ratio of 0.64 and a debt-to-equity ratio of 0.63. The firm has a 50 day simple moving average of $47.88 and a 200 day simple moving average of $52.43.
LKQ (NASDAQ:LKQ – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.10). The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a net margin of 7.13% and a return on equity of 17.48%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. On average, analysts predict that LKQ Co. will post 3.74 earnings per share for the current year.
LKQ Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.30 per share. This is a positive change from LKQ’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, November 15th. LKQ’s payout ratio is 33.71%.
In other news, CEO Dominick P. Zarcone sold 32,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $51.74, for a total transaction of $1,655,680.00. Following the completion of the transaction, the chief executive officer now directly owns 495,004 shares in the company, valued at approximately $25,611,506.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.
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 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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