Toroso Investments LLC lifted its stake in LKQ Co. (NASDAQ:LKQ – Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,229 shares of the auto parts company’s stock after purchasing an additional 1,042 shares during the quarter. Toroso Investments LLC’s holdings in LKQ were worth $1,035,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clear Street Markets LLC lifted its stake in shares of LKQ by 94.1% in the first quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after buying an additional 241 shares in the last quarter. Covestor Ltd raised its holdings in LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Desjardins Global Asset Management Inc. bought a new position in LKQ in the 1st quarter valued at approximately $35,000. Venturi Wealth Management LLC purchased a new stake in LKQ during the 1st quarter valued at $36,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of LKQ by 55.3% in 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 in the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have weighed in on LKQ. StockNews.com upgraded shares of LKQ from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 13th. Robert W. Baird reissued an “outperform” rating and issued a $65.00 target price on shares of LKQ in a report on Monday, August 28th.
LKQ Trading Up 0.3 %
Shares of LKQ stock opened at $50.11 on Tuesday. The company has a market cap of $13.41 billion, a PE ratio of 13.43 and a beta of 1.35. The stock’s 50 day simple moving average is $53.80 and its two-hundred day simple moving average is $54.99. LKQ Co. has a 1 year low of $46.20 and a 1 year high of $59.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.15.
LKQ (NASDAQ:LKQ – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. LKQ had a return on equity of 18.65% and a net margin of 7.80%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the company earned $1.09 EPS. LKQ’s quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts predict that LKQ Co. will post 3.98 earnings per share for the current year.
LKQ Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 16th. LKQ’s dividend payout ratio (DPR) is 29.49%.
Insider Buying and Selling at LKQ
In other LKQ news, CEO Dominick P. Zarcone sold 32,000 shares of LKQ stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $51.74, for a total value of $1,655,680.00. Following the transaction, the chief executive officer now owns 495,004 shares in the company, valued at $25,611,506.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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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