337,818 LKQ Corporation $LKQ Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. decreased its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 38.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 530,979 shares of the auto parts company’s stock after selling 337,818 shares during the quarter. New South Capital Management Inc. owned 0.21% of LKQ worth $12,122,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LKQ. Jacobi Capital Management LLC acquired a new position in LKQ in the 3rd quarter valued at approximately $75,000. Kestra Investment Management LLC increased its position in shares of LKQ by 45.3% during the third quarter. Kestra Investment Management LLC now owns 27,250 shares of the auto parts company’s stock valued at $622,000 after purchasing an additional 8,491 shares during the period. AlphaCore Capital LLC acquired a new position in shares of LKQ in the third quarter valued at $291,000. Private Management Group Inc. raised its stake in shares of LKQ by 29.9% in the third quarter. Private Management Group Inc. now owns 2,032,114 shares of the auto parts company’s stock valued at $46,393,000 after purchasing an additional 467,962 shares in the last quarter. Finally, Ethic Inc. lifted its position in LKQ by 35.1% in the third quarter. Ethic Inc. now owns 10,606 shares of the auto parts company’s stock worth $242,000 after purchasing an additional 2,757 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of LKQ from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Zacks Research cut shares of LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Barclays raised shares of LKQ from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Monday, October 26th. Weiss Ratings lowered shares of LKQ from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, November 2nd. Finally, Raymond James Financial set a $30.00 target price on shares of LKQ in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.07.

Insider Activity at LKQ

In other news, Director Sue Gove acquired 9,795 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were purchased at an average cost of $20.53 per share, with a total value of $201,091.35. Following the completion of the purchase, the director owned 20,793 shares of the company’s stock, valued at $426,880.29. This represents a 89.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew C. Clarke bought 21,800 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was purchased at an average price of $18.35 per share, with a total value of $400,030.00. Following the purchase, the director directly owned 56,850 shares of the company’s stock, valued at $1,043,197.50. The trade was a 62.20% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 41,595 shares of company stock valued at $792,621 in the last ninety days. Insiders own 0.38% of the company’s stock.

LKQ Price Performance

LKQ stock opened at $19.99 on Thursday. The business has a 50 day simple moving average of $21.92 and a 200 day simple moving average of $26.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.67. The company has a market capitalization of $5.05 billion, a PE ratio of 8.31 and a beta of 0.87. LKQ Corporation has a one year low of $16.85 and a one year high of $37.13.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 29th. The auto parts company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.36 billion. LKQ had a net margin of 1.89% and a return on equity of 9.57%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. On average, sell-side analysts forecast that LKQ Corporation will post 2.21 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, November 19th. LKQ’s dividend payout ratio (DPR) is currently 120.00%.

LKQ Company Profile

LKQ Corporation (NASDAQ: LKQ) distributes replacement parts, components and related products for vehicle repair and maintenance. Its offerings include recycled and refurbished parts, aftermarket products and original equipment manufacturer (OEM) parts, serving collision repair shops, mechanical repair businesses and other customers. The company also supplies specialty automotive parts and accessories, including products for vehicle customization and performance. LKQ operates across North America and Europe, as well as in Taiwan.