Forsta AP Fonden Trims Stock Position in LKQ Co. (NASDAQ:LKQ)

Forsta AP Fonden cut its stake in LKQ Co. (NASDAQ:LKQ) by 1.9% in the 2nd quarter, Holdings Channel reports. The firm owned 60,500 shares of the auto parts company’s stock after selling 1,200 shares during the period. Forsta AP Fonden’s holdings in LKQ were worth $2,516,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Rothschild Investment LLC bought a new position in LKQ in the second quarter worth about $33,000. Quarry LP grew its holdings in shares of LKQ by 65.1% during the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 355 shares during the period. CVA Family Office LLC raised its position in shares of LKQ by 54.2% in the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 290 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of LKQ during the first quarter valued at approximately $56,000. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 3.4 %

NASDAQ:LKQ opened at $41.04 on Monday. 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 $10.80 billion, a P/E ratio of 13.32 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 $41.39 and a two-hundred day simple moving average of $44.60.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.05). The firm 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%. 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. Analysts predict that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, August 15th. LKQ’s payout ratio is currently 38.96%.

Insider Activity at LKQ

In related news, Director Andrew C. Clarke bought 7,600 shares of the 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 purchase, the director now owns 10,519 shares of the company’s stock, valued at $417,604.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Andrew C. Clarke acquired 7,600 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the acquisition, the director now directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew J. Mckay acquired 2,500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the transaction, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The disclosure for this purchase can be found here. Insiders have acquired 12,600 shares of company stock valued at $500,870 over the last ninety days. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Roth Mkm reissued a “buy” rating and set a $59.00 price objective on shares of LKQ in a research report on Thursday. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, July 25th. Robert W. Baird cut their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ has a consensus rating of “Buy” and a consensus target price of $58.00.

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.