Posted by admin on Jun 23rd, 2022

New Mexico Educational Retirement Board lowered its stake in shares of LKQ Co. (NASDAQ:LKQ – Get Rating) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,550 shares of the auto parts company’s stock after selling 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in LKQ were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Morris Capital Advisors LLC boosted its holdings in LKQ by 0.4% during the fourth quarter. Morris Capital Advisors LLC now owns 49,254 shares of the auto parts company’s stock worth $2,957,000 after buying an additional 184 shares during the last quarter. Column Capital Advisors LLC lifted its holdings in shares of LKQ by 13.2% during the 4th quarter. Column Capital Advisors LLC now owns 1,607 shares of the auto parts company’s stock valued at $96,000 after purchasing an additional 187 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of LKQ by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 29,696 shares of the auto parts company’s stock valued at $1,783,000 after purchasing an additional 260 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of LKQ by 0.5% during the 4th quarter. Eagle Asset Management Inc. now owns 59,604 shares of the auto parts company’s stock valued at $3,536,000 after purchasing an additional 296 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of LKQ by 1.3% during the 4th quarter. CIBC Asset Management Inc now owns 25,867 shares of the auto parts company’s stock valued at $1,553,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Several equities analysts have recently weighed in on the company. Raymond James cut their price objective on LKQ from $62.00 to $59.00 in a report on Monday, April 11th. StockNews.com upgraded LKQ from a “buy” rating to a “strong-buy” rating in a report on Monday, May 30th. Finally, Barrington Research raised LKQ from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 28th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $63.00.

In related news, Director Patrick Berard sold 702 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total transaction of $34,903.44. Following the transaction, the director now directly owns 11,806 shares of the company’s stock, valued at approximately $586,994.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Holdings L.P. Valueact sold 5,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total value of $251,750,000.00. Following the transaction, the director now directly owns 12,552,751 shares in the company, valued at $632,031,012.85. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Shares of LKQ stock opened at $48.19 on Thursday. The business’s 50 day simple moving average is $49.89 and its 200 day simple moving average is $51.24. LKQ Co. has a 52-week low of $42.36 and a 52-week high of $60.43. The firm has a market cap of $13.63 billion, a PE ratio of 12.92 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 1.88.

LKQ (NASDAQ:LKQ – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The auto parts company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.09. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.29 billion. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. As a group, equities research analysts predict that LKQ Co. will post 3.96 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, May 18th. LKQ’s dividend payout ratio (DPR) is 26.81%.

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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