LKQ Co. (NASDAQ:LKQ) CEO Acquires $99,775.00 in Stock

LKQ Co. (NASDAQ:LKQ) CEO Justin L. Jude acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the acquisition, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

LKQ Price Performance

Shares of LKQ stock traded down $0.07 during mid-day trading on Monday, hitting $40.11. 1,580,434 shares of the stock traded hands, compared to its average volume of 1,794,987. 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 firm has a market cap of $10.56 billion, a price-to-earnings ratio of 13.05 and a beta of 1.29. The company’s 50-day simple moving average is $42.46 and its 200-day simple moving average is $46.53. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $55.52.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the firm posted $1.09 earnings per share. LKQ’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that LKQ Co. will post 3.59 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, August 15th. LKQ’s payout ratio is 38.96%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Choreo LLC acquired a new stake in LKQ during the 4th quarter worth about $851,000. Homestead Advisers Corp acquired a new stake in shares of LKQ during the fourth quarter valued at approximately $20,583,000. Osborne Partners Capital Management LLC purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $5,888,000. KBC Group NV boosted its stake in LKQ by 49.2% in the 4th quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock worth $32,929,000 after purchasing an additional 227,314 shares during the period. Finally, River Road Asset Management LLC boosted its stake in LKQ by 2.5% in the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock worth $224,154,000 after purchasing an additional 114,207 shares during the period. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LKQ shares. Roth Mkm reiterated a “buy” rating and set a $65.00 price target on shares of LKQ in a research report on Thursday. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Finally, Robert W. Baird dropped their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.