Posted by admin on Aug 12th, 2022

Advisor Group Holdings Inc. increased its stake in LKQ Co. (NASDAQ:LKQ – Get Rating) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,559 shares of the auto parts company’s stock after purchasing an additional 3,310 shares during the period. Advisor Group Holdings Inc.’s holdings in LKQ were worth $3,253,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LKQ. Prospera Financial Services Inc grew its position in LKQ by 11.8% during the first quarter. Prospera Financial Services Inc now owns 10,320 shares of the auto parts company’s stock valued at $469,000 after acquiring an additional 1,092 shares during the last quarter. Stephens Inc. AR grew its position in LKQ by 51.3% during the first quarter. Stephens Inc. AR now owns 200,019 shares of the auto parts company’s stock valued at $9,083,000 after acquiring an additional 67,796 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in LKQ during the first quarter valued at approximately $1,889,000. Victory Capital Management Inc. grew its position in LKQ by 39.3% during the first quarter. Victory Capital Management Inc. now owns 1,447,559 shares of the auto parts company’s stock valued at $66,650,000 after acquiring an additional 408,759 shares during the last quarter. Finally, Bfsg LLC bought a new position in LKQ during the first quarter valued at approximately $232,000. 94.02% of the stock is currently owned by institutional investors.

In other LKQ news, Director Joseph M. Holsten sold 70,000 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the completion of the transaction, the director now owns 136,901 shares of the company’s stock, valued at $7,472,056.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Joseph M. Holsten sold 70,000 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the completion of the transaction, the director now directly owns 136,901 shares in the company, valued at $7,472,056.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Holdings L.P. Valueact sold 5,000,000 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $50.35, for a total value of $251,750,000.00. Following the transaction, the director now owns 12,552,751 shares of the company’s stock, valued at $632,031,012.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,071,617 shares of company stock valued at $255,658,904. 0.47% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on LKQ shares. Barrington Research raised LKQ from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 28th. MKM Partners started coverage on LKQ in a research note on Wednesday, July 13th. They set a “buy” rating and a $68.00 price objective for the company. Finally, StockNews.com lowered LKQ from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 29th.

Shares of LKQ stock opened at $55.25 on Friday. The stock has a fifty day moving average of $51.28 and a 200 day moving average of $49.92. LKQ Co. has a 52 week low of $42.36 and a 52 week high of $60.43. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 13.12 and a beta of 1.40. The company has a quick ratio of 0.68, a current ratio of 1.74 and a debt-to-equity ratio of 0.41.

LKQ (NASDAQ:LKQ – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.39 billion. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. As a group, research analysts expect that LKQ Co. will post 3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, August 10th. LKQ’s dividend payout ratio is currently 23.75%.

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. 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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