Bfsg LLC Sells 1,757 Shares of LKQ Co. (NASDAQ:LKQ)

Bfsg LLC decreased its stake in shares of LKQ Co. (NASDAQ:LKQ) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,661 shares of the auto parts company’s stock after selling 1,757 shares during the quarter. Bfsg LLC’s holdings in LKQ were worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its position 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 worth $37,000 after purchasing an additional 225 shares during the period. Quarry LP raised its holdings in LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after buying an additional 355 shares during the last quarter. CVA Family Office LLC lifted its stake in shares of LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after buying an additional 290 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of LKQ during the first quarter valued at about $56,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of LKQ during the second quarter worth about $60,000. Institutional investors own 95.63% of the company’s stock.

Insider Transactions at LKQ

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LKQ. Robert W. Baird cut their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Roth Mkm reiterated a “buy” rating and set a $65.00 price target on shares of LKQ in a report on Thursday, July 25th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.80.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded down $0.29 during midday trading on Thursday, reaching $41.59. The company had a trading volume of 1,561,653 shares, compared to its average volume of 1,763,161. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $54.07. The company’s 50 day moving average price is $41.64 and its 200 day moving average price is $45.40. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The stock has a market cap of $11.10 billion, a P/E ratio of 13.50 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, sell-side analysts anticipate that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, August 15th. LKQ’s payout ratio is currently 38.96%.

LKQ 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.