Dimensional Fund Advisors LP Has $194.90 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Dimensional Fund Advisors LP lowered its position in shares of LKQ Co. (NASDAQ:LKQGet Rating) by 0.7% in the first quarter, Holdings Channel reports. The institutional investor owned 4,290,852 shares of the auto parts company’s stock after selling 28,704 shares during the period. Dimensional Fund Advisors LP’s holdings in LKQ were worth $194,900,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Johnson Investment Counsel Inc. increased its stake in LKQ by 0.6% during the 1st quarter. Johnson Investment Counsel Inc. now owns 40,736 shares of the auto parts company’s stock worth $1,850,000 after acquiring an additional 230 shares during the period. Eagle Asset Management Inc. raised its stake in LKQ by 0.4% in the first quarter. Eagle Asset Management Inc. now owns 59,845 shares of the auto parts company’s stock valued at $2,717,000 after purchasing an additional 241 shares in the last quarter. Copperwynd Financial LLC grew its stake in LKQ by 1.8% during the first quarter. Copperwynd Financial LLC now owns 14,423 shares of the auto parts company’s stock worth $655,000 after buying an additional 255 shares in the last quarter. CIBC Asset Management Inc increased its holdings in LKQ by 1.0% in the 1st quarter. CIBC Asset Management Inc now owns 26,126 shares of the auto parts company’s stock valued at $1,186,000 after buying an additional 259 shares during the period. Finally, WESCAP Management Group Inc. raised its position in shares of LKQ by 0.8% in the 1st quarter. WESCAP Management Group Inc. now owns 33,121 shares of the auto parts company’s stock valued at $1,504,000 after buying an additional 259 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Activity at LKQ

In other LKQ news, Director Joseph M. Holsten sold 70,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $54.58, for a total value of $3,820,600.00. Following the sale, the director now owns 136,901 shares in the company, valued at approximately $7,472,056.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director John W. Mendel sold 1,617 shares of LKQ stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $54.61, for a total transaction of $88,304.37. Following the completion of the transaction, the director now owns 15,203 shares of the company’s stock, valued at $830,235.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph M. Holsten sold 70,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the sale, the director now directly owns 136,901 shares in the company, valued at approximately $7,472,056.58. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

LKQ Stock Up 0.1 %

Shares of LKQ opened at $53.12 on Friday. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 12.62 and a beta of 1.38. LKQ Co. has a 52 week low of $42.36 and a 52 week high of $60.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 1.74. The stock has a fifty day moving average of $53.29 and a 200-day moving average of $49.97.

LKQ (NASDAQ:LKQGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.39 billion. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. As a group, sell-side analysts anticipate that LKQ Co. will post 3.93 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. LKQ’s dividend payout ratio is 23.75%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LKQ. StockNews.com upgraded shares of LKQ from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 4th. MKM Partners started coverage on LKQ in a research note on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price target on the stock. Finally, Guggenheim upped their price objective on LKQ to $70.00 in a research report on Monday, August 15th.

LKQ Profile

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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.

See Also

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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