Brown Brothers Harriman & Co. Boosts Stake in LKQ Co. (NASDAQ:LKQ)

Brown Brothers Harriman & Co. increased its stake in LKQ Co. (NASDAQ:LKQ) by 107,142.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,507 shares of the auto parts company’s stock after buying an additional 7,500 shares during the period. Brown Brothers Harriman & Co.’s holdings in LKQ were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in LKQ in the 2nd quarter worth $33,000. CVA Family Office LLC boosted its position in shares of LKQ by 54.2% during the first 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 period. Quarry LP boosted its holdings in shares of LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of LKQ in the first quarter valued at approximately $56,000. Finally, Banque Cantonale Vaudoise lifted its holdings in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LKQ. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird lowered their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, LKQ has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Buying and Selling at LKQ

In other news, SVP Matthew J. Mckay acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $39.75 per share, with a total value of $99,375.00. Following the acquisition, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 10,519 shares in the company, valued at $417,604.30. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Matthew J. Mckay acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost 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 approximately $3,763,132.50. The disclosure for this purchase can be found here. Insiders have purchased 12,600 shares of company stock worth $500,870 in the last ninety days. 0.55% of the stock is owned by insiders.

LKQ Stock Down 0.2 %

LKQ stock opened at $40.77 on Thursday. 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 $10.88 billion, a P/E ratio of 13.24 and a beta of 1.29. 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 company’s 50-day moving average price is $41.34 and its 200 day moving average price is $44.36.

LKQ (NASDAQ:LKQ) last issued its quarterly 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). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts expect that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.94%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.