LKQ Co. (NASDAQ:LKQ) Shares Bought by River Street Advisors LLC

River Street Advisors LLC boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,414 shares of the auto parts company’s stock after buying an additional 365 shares during the period. River Street Advisors LLC’s holdings in LKQ were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in LKQ during the 4th quarter valued at about $26,000. Private Trust Co. NA increased its holdings in shares of LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the period. Headinvest LLC acquired a new position in shares of LKQ in the third quarter valued at about $34,000. Bruce G. Allen Investments LLC acquired a new position in shares of LKQ in the fourth quarter valued at about $37,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of LKQ by 40.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 225 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Roth Mkm reissued a “buy” rating and issued a $65.00 price objective on shares of LKQ in a report on Tuesday, April 23rd. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, April 19th. Robert W. Baird lowered their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, LKQ currently has an average rating of “Moderate Buy” and an average target price of $61.60.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the transaction, the director now owns 15,606 shares in the company, valued at $694,467. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

LKQ Price Performance

LKQ stock traded up $0.12 during mid-day trading on Friday, reaching $41.59. 2,403,275 shares of the company’s stock were exchanged, compared to its average volume of 1,692,079. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 13.50 and a beta of 1.28. The stock’s 50 day moving average is $42.90 and its 200 day moving average is $47.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. LKQ Co. has a 12-month low of $39.72 and a 12-month high of $59.38.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. On average, research analysts expect that LKQ Co. will post 3.93 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.