Insider Buying: LKQ Co. (NASDAQ:LKQ) SVP Buys 2,500 Shares of Stock

LKQ Co. (NASDAQ:LKQ) SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the transaction, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LKQ Trading Down 0.2 %

LKQ traded down $0.07 on Monday, hitting $40.11. 1,580,434 shares of the company were exchanged, compared to its average volume of 1,794,987. 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 fifty day simple moving average of $42.46 and a two-hundred day simple moving average of $46.53. The stock has a market capitalization of $10.56 billion, a PE ratio of 13.05 and a beta of 1.29. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $55.52.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that LKQ Co. will post 3.59 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. LKQ’s dividend payout ratio is currently 38.96%.

Analyst Ratings Changes

LKQ has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday. Roth Mkm reissued a “buy” rating and set a $65.00 price objective on shares of LKQ in a report on Thursday. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Finally, Robert W. Baird reduced their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA increased its stake in shares of LKQ by 228.4% during the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in LKQ by 40.8% during the 4th 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. Quarry LP increased its position in LKQ by 65.1% during the 4th 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. CVA Family Office LLC raised its holdings in 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 purchasing an additional 290 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of LKQ in the 4th quarter worth about $47,000. Institutional investors own 95.63% of the company’s stock.

About LKQ

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.