LKQ Co. (NASDAQ:LKQ) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its position in LKQ Co. (NASDAQ:LKQGet Rating) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,928 shares of the auto parts company’s stock after selling 1,276 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in LKQ were worth $487,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of LKQ by 1.3% during the first quarter. Vanguard Group Inc. now owns 27,471,700 shares of the auto parts company’s stock worth $1,247,489,000 after buying an additional 357,868 shares in the last quarter. BlackRock Inc. grew its position in shares of LKQ by 1.7% during the first quarter. BlackRock Inc. now owns 22,426,167 shares of the auto parts company’s stock worth $1,018,371,000 after buying an additional 385,539 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of LKQ by 4.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 13,408,703 shares of the auto parts company’s stock worth $608,889,000 after buying an additional 605,082 shares in the last quarter. State Street Corp boosted its holdings in LKQ by 4.4% in the fourth quarter. State Street Corp now owns 12,332,198 shares of the auto parts company’s stock valued at $740,302,000 after purchasing an additional 515,085 shares in the last quarter. Finally, Boston Partners boosted its holdings in LKQ by 5.6% in the first quarter. Boston Partners now owns 12,293,417 shares of the auto parts company’s stock valued at $558,155,000 after purchasing an additional 649,518 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LKQ

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

LKQ Price Performance

Shares of NASDAQ LKQ opened at $48.72 on Monday. The company has a current ratio of 1.74, a quick ratio of 0.68 and a debt-to-equity ratio of 0.41. LKQ Co. has a twelve month low of $42.36 and a twelve month high of $60.43. The stock has a 50 day moving average of $53.37 and a two-hundred day moving average of $50.18. The stock has a market cap of $13.37 billion, a P/E ratio of 11.57 and a beta of 1.38.

LKQ (NASDAQ:LKQGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, research analysts forecast that LKQ Co. will post 3.95 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Wednesday, August 10th. LKQ’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LKQ. StockNews.com raised LKQ from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 4th. Guggenheim upped their price target on LKQ to $70.00 in a report on Monday, August 15th. Finally, MKM Partners began coverage on LKQ in a report on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price target for the company.

About LKQ

(Get Rating)

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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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