WESCAP Management Group Inc. Has $1.27 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

WESCAP Management Group Inc. lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,625 shares of the auto parts company’s stock after purchasing an additional 3,566 shares during the period. WESCAP Management Group Inc.’s holdings in LKQ were worth $1,274,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LKQ. Private Advisor Group LLC bought a new stake in shares of LKQ in the 4th quarter valued at about $263,000. Principal Securities Inc. acquired a new stake in LKQ during the 4th quarter valued at approximately $80,000. BNP Paribas Financial Markets increased its position in LKQ by 70.6% during the 4th quarter. BNP Paribas Financial Markets now owns 227,628 shares of the auto parts company’s stock valued at $10,878,000 after purchasing an additional 94,224 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of LKQ by 2.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,775 shares of the auto parts company’s stock worth $563,000 after purchasing an additional 301 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of LKQ by 10.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 266,862 shares of the auto parts company’s stock valued at $12,444,000 after purchasing an additional 26,086 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LKQ. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird lowered their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, July 25th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective on shares of LKQ in a research report on Thursday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $58.00.

LKQ Stock Up 3.4 %

Shares of NASDAQ:LKQ opened at $41.04 on Friday. 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 52-week low of $35.57 and a 52-week high of $53.68. The business’s 50 day simple moving average is $41.40 and its two-hundred day simple moving average is $44.74. The firm has a market cap of $10.80 billion, a P/E ratio of 13.32 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly 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). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. As a group, research analysts forecast that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. LKQ’s dividend payout ratio is presently 38.96%.

Insider Activity at LKQ

In related news, CEO Justin L. Jude purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andrew C. Clarke bought 7,600 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Justin L. Jude bought 2,500 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares of the company’s stock, valued at $8,281,923.65. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 12,600 shares of company stock valued at $500,870. 0.55% of the stock is owned by corporate insiders.

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.