Sienna Gestion Boosts Holdings in LKQ Co. (NASDAQ:LKQ)

Sienna Gestion grew its position in shares of LKQ Co. (NASDAQ:LKQ) by 2,942.9% in the second quarter, Holdings Channel reports. The institutional investor owned 125,307 shares of the auto parts company’s stock after buying an additional 121,189 shares during the period. Sienna Gestion’s holdings in LKQ were worth $5,209,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LKQ. Rothschild Investment LLC purchased a new stake in shares of LKQ in the second quarter valued at approximately $33,000. Quarry LP boosted its position 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 purchasing an additional 355 shares in the last quarter. CVA Family Office LLC grew its stake in shares of LKQ by 54.2% during the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 290 shares during the period. Banque Cantonale Vaudoise increased its holdings 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 in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of LKQ in the first quarter valued at about $56,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The shares were acquired 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 of the company’s stock, valued at approximately $417,604.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired 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 directly owns 10,519 shares in the company, valued at $417,604.30. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Justin L. Jude bought 2,500 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders bought a total of 12,600 shares of company stock worth $500,870 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LKQ. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Wednesday. Robert W. Baird reduced their price objective on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

LKQ Price Performance

LKQ stock opened at $40.77 on Thursday. The stock’s 50 day moving average price is $41.34 and its 200 day moving average price is $44.36. The firm 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 debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. On average, sell-side analysts expect that LKQ Co. will post 3.6 earnings per share for the current fiscal 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 paid a dividend of $0.30 per share. 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 is currently 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.