LKQ Co. (NASDAQ:LKQ) Shares Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 261.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,002 shares of the auto parts company’s stock after purchasing an additional 91,104 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in LKQ were worth $5,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in LKQ by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after purchasing an additional 656,883 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after buying an additional 875,420 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of LKQ by 9.5% during the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after acquiring an additional 977,585 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of LKQ by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock worth $486,775,000 after acquiring an additional 111,124 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of LKQ by 9.5% in the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after acquiring an additional 712,698 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Justin L. Jude acquired 2,500 shares of the stock in a transaction dated Friday, July 26th. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LKQ news, CEO Justin L. Jude bought 2,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the transaction, the chief executive officer now owns 207,515 shares in the company, valued at $8,281,923.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $39.70 per share, with a total value of $301,720.00. Following the transaction, the director now directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The disclosure for this purchase can be found here. In the last quarter, insiders bought 12,600 shares of company stock worth $500,870. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Performance

NASDAQ:LKQ opened at $40.01 on Monday. The firm has a market capitalization of $10.67 billion, a PE ratio of 12.99 and a beta of 1.29. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $41.22 and its 200 day simple moving average is $44.15.

LKQ (NASDAQ:LKQ) last released its 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). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the business earned $1.09 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that LKQ Co. will post 3.6 EPS 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 3.00%. LKQ’s dividend payout ratio (DPR) is 38.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LKQ shares. JPMorgan Chase & Co. increased their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Robert W. Baird decreased their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.