Kentucky Retirement Systems Sells 1,089 Shares of LKQ Co. (NASDAQ:LKQ)

Kentucky Retirement Systems decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,322 shares of the auto parts company’s stock after selling 1,089 shares during the quarter. Kentucky Retirement Systems’ holdings in LKQ were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after purchasing an additional 656,883 shares during the period. Wellington Management Group LLP increased its stake in LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after acquiring an additional 977,585 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in LKQ by 5.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock valued at $537,690,000 after acquiring an additional 626,010 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in LKQ by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock valued at $486,775,000 after acquiring an additional 111,124 shares during the last quarter. Finally, Boston Partners increased its stake in LKQ by 22.0% in the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock valued at $358,848,000 after acquiring an additional 1,351,389 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

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

LKQ Trading Down 1.2 %

LKQ stock traded down $0.47 during trading on Monday, reaching $39.71. The company had a trading volume of 639,183 shares, compared to its average volume of 1,788,451. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $55.52. The company has a market cap of $10.45 billion, a P/E ratio of 13.05 and a beta of 1.29. The business has a 50 day moving average of $42.46 and a 200 day moving average of $46.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the company earned $1.09 earnings per share. LKQ’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that LKQ Co. will post 3.59 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, August 15th. LKQ’s dividend payout ratio is 38.96%.

Insider Buying and Selling at LKQ

In other LKQ news, Director Xavier Urbain sold 867 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

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.