Regatta Capital Group LLC Buys 556 Shares of LKQ Co. (NASDAQ:LKQ)

Regatta Capital Group LLC raised its stake in LKQ Co. (NASDAQ:LKQ) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,132 shares of the auto parts company’s stock after purchasing an additional 556 shares during the period. Regatta Capital Group LLC’s holdings in LKQ were worth $764,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LKQ. Vanguard Group Inc. lifted its holdings in shares of LKQ by 2.2% in the 1st 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after buying an additional 875,420 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of LKQ by 1.2% during 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 buying an additional 111,124 shares during the last quarter. Boston Partners increased its position in shares of LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after acquiring an additional 712,698 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of LKQ by 1.4% in the 1st quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock worth $396,461,000 after acquiring an additional 103,659 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other news, SVP Matthew J. Mckay acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average price of $39.75 per share, with a total value of $99,375.00. Following the acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other LKQ news, SVP Matthew J. Mckay acquired 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the purchase, the senior vice president now owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the transaction, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. This represents a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have 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 company insiders.

Analyst Ratings Changes

A number of analysts have commented on LKQ shares. Roth Mkm reissued a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird lowered their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Wednesday, September 18th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $39.00 on Wednesday. The company has a market capitalization of $10.40 billion, a P/E ratio of 12.66 and a beta of 1.28. The company’s 50-day moving average is $40.17 and its 200 day moving average is $42.71. 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 fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last released its 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). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that LKQ Co. will post 3.55 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio is currently 38.96%.

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.