LKQ Co. (NASDAQ:LKQ) Shares Acquired by New South Capital Management Inc.

New South Capital Management Inc. increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 30.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,533,911 shares of the auto parts company’s stock after acquiring an additional 357,465 shares during the period. LKQ makes up about 2.9% of New South Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. New South Capital Management Inc. owned approximately 0.57% of LKQ worth $63,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Rothschild Investment LLC acquired a new stake in shares of LKQ during the 2nd quarter valued at $33,000. Benjamin F. Edwards & Company Inc. lifted its holdings 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 valued at $37,000 after purchasing an additional 225 shares during the last quarter. Quarry LP boosted its position in shares of LKQ by 65.1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. CVA Family Office LLC increased its stake in LKQ by 54.2% in the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 290 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Down 1.8 %

LKQ opened at $39.98 on Friday. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The business has a 50 day moving average price of $41.58 and a 200 day moving average price of $45.03. The firm has a market cap of $10.67 billion, a P/E ratio of 12.98 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Research analysts forecast that LKQ Co. will post 3.6 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insiders Place Their Bets

In other news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the purchase, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew J. Mckay bought 2,500 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average price 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 in the company, valued at approximately $3,763,132.50. The disclosure for this purchase can be found here. Insiders have purchased 12,600 shares of company stock worth $500,870 in the last ninety days. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

LKQ has been the topic of several research analyst reports. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Thursday, July 25th. Roth Mkm reissued a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Thursday, July 25th. Finally, Robert W. Baird lowered their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.80.

LKQ Company 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.