2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP acquired a new stake in LKQ Co. ( NASDAQ:LKQ – Free Report ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,695 shares of the auto parts company’s stock, valued at approximately $320,000.
A number of other hedge funds also recently made changes to their positions in LKQ. Rothschild Investment LLC purchased a new position in shares of LKQ in the second quarter valued at $33,000. Quarry LP lifted its holdings in LKQ by 65.
1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after buying an additional 355 shares in the last quarter. CVA Family Office LLC boosted its position in LKQ by 54.
2% in the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after buying an additional 290 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of LKQ by 29.
8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of LKQ during the first quarter worth about $56,000.
Hedge funds and other institutional investors own 95.63% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages have weighed in on LKQ.
StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co.
lifted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th.
Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Wednesday, September 18th. Roth Mkm reissued a “buy” rating and issued a $59.
00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, Robert W. Baird reduced 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, July 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock.
According to data from MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and an average price target of $58.00. Insider Activity In other news, CEO Justin L.
Jude acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $39.91 per share, with a total value of $99,775.
00. Following the acquisition, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65.
The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In other LKQ news, CEO Justin L. Jude acquired 2,500 shares of LKQ stock in a transaction dated Friday, July 26th.
The stock was acquired at an average cost of $39.91 per share, for a total transaction of $99,775.00.
Following the completion of the transaction, the chief executive officer now owns 207,515 shares in the company, valued at approximately $8,281,923.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
Also, Director Andrew C. Clarke bought 7,600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $39.
70 per share, for a total transaction of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares in the company, valued at $417,604.
30. The disclosure for this purchase can be found here . Over the last quarter, insiders bought 12,600 shares of company stock valued at $500,870.
0.55% of the stock is currently owned by company insiders. LKQ Price Performance Shares of NASDAQ:LKQ opened at $40.
10 on Friday. The company has a market cap of $10.70 billion, a PE ratio of 13.
02 and a beta of 1.29. LKQ Co.
has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.
The firm has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $43.93.
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 – Get Free Report ) last posted its 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).
The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion.
LKQ had a net margin of 5.03% and a return on equity of 15.33%.
The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $1.
09 earnings per share. On average, sell-side analysts anticipate that LKQ Co. will post 3.
55 EPS for the current year. LKQ Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.
30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.
99%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s payout ratio is 38.
96%. LKQ Profile ( Free Report ) 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. Read More Five stocks we like better than LKQ Comparing and Trading High PE Ratio Stocks Rocket Lab Stock Soars: Should Investors Chase the Rally? Most active stocks: Dollar volume vs share volume KB Home Slips After Earnings: What’s Next for Homebuilders? What is the S&P 500 and How It is Distinct from Other Indexes Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co.
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