XTX Topco Ltd Purchases Shares of 5,687 LKQ Co. (NASDAQ:LKQ)

XTX Topco Ltd purchased a new position in LKQ Co. (NASDAQ:LKQ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,687 shares of the auto parts company’s stock, valued at approximately $237,000.

Other institutional investors have also recently made changes to their positions in the company. Sienna Gestion raised its position in shares of LKQ by 2,942.9% during the 2nd quarter. Sienna Gestion now owns 125,307 shares of the auto parts company’s stock valued at $5,209,000 after purchasing an additional 121,189 shares during the period. Hsbc Holdings PLC increased its stake in LKQ by 6.1% in the 2nd quarter. Hsbc Holdings PLC now owns 1,662,509 shares of the auto parts company’s stock worth $69,120,000 after buying an additional 95,453 shares in the last quarter. Blair William & Co. IL raised its holdings in LKQ by 75.8% during the second quarter. Blair William & Co. IL now owns 7,322 shares of the auto parts company’s stock valued at $305,000 after acquiring an additional 3,156 shares during the period. Amalgamated Bank lifted its position in shares of LKQ by 19.6% in the second quarter. Amalgamated Bank now owns 86,588 shares of the auto parts company’s stock valued at $3,601,000 after acquiring an additional 14,164 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of LKQ by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after acquiring an additional 253,639 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

LKQ stock opened at $40.37 on Friday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 13.11 and a beta of 1.29. The firm’s fifty day moving average is $40.71 and its 200 day moving average is $43.79. 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 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 the consensus estimate of $3.87 billion. During the same period in the previous year, the business posted $1.09 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that LKQ Co. will post 3.55 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is 38.96%.

Wall Street Analyst Weigh In

LKQ has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Wednesday, September 18th. Robert W. Baird reduced their price objective 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. JPMorgan Chase & Co. upped their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Insider Transactions at LKQ

In other news, Director Andrew C. Clarke acquired 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, for a total transaction of $301,720.00. Following the completion of the transaction, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other LKQ 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 completion of the purchase, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Justin L. Jude purchased 2,500 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 12,600 shares of company stock worth $500,870. 0.55% of the stock is currently owned by company insiders.

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.