7,654 Shares in LKQ Co. (NASDAQ:LKQ) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of LKQ Co. (NASDAQ:LKQ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,654 shares of the auto parts company’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of LKQ in the 4th quarter worth $1,408,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 225 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of LKQ by 2.1% during the 4th quarter. M&T Bank Corp now owns 44,559 shares of the auto parts company’s stock worth $2,129,000 after acquiring an additional 911 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of LKQ by 109.7% during the 4th quarter. National Bank of Canada FI now owns 305,021 shares of the auto parts company’s stock worth $14,421,000 after acquiring an additional 159,551 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of LKQ by 3.1% during the 4th quarter. Metis Global Partners LLC now owns 20,357 shares of the auto parts company’s stock worth $973,000 after acquiring an additional 613 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LKQ. Robert W. Baird dropped their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Roth Mkm reiterated a “buy” rating and issued a $65.00 target price on shares of LKQ in a research report on Thursday, July 25th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ currently has an average rating of “Moderate Buy” and an average price target of $60.80.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $40.73 on Friday. The stock has a market cap of $10.87 billion, a PE ratio of 13.22 and a beta of 1.29. The company’s fifty day moving average is $41.61 and its 200 day moving average is $45.14. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69.

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

LKQ Announces Dividend

The company 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 2.95%. 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, Director Andrew C. Clarke purchased 7,600 shares of the business’s stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the acquisition, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Andrew C. Clarke bought 7,600 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew J. Mckay bought 2,500 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were bought at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the purchase, the senior vice president now directly 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 bought a total of 12,600 shares of company stock valued at $500,870 in the last quarter. Insiders own 0.55% of the company’s stock.

LKQ 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.