LKQ Co. (NASDAQ:LKQ) Shares Sold by Formula Growth Ltd.

Formula Growth Ltd. cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,000 shares of the auto parts company’s stock after selling 3,000 shares during the quarter. LKQ accounts for approximately 1.6% of Formula Growth Ltd.’s holdings, making the stock its 12th biggest position. Formula Growth Ltd.’s holdings in LKQ were worth $4,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of LKQ by 27.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 36,922 shares of the auto parts company’s stock worth $1,677,000 after buying an additional 8,002 shares in the last quarter. MetLife Investment Management LLC raised its position in LKQ by 23.3% in the first quarter. MetLife Investment Management LLC now owns 73,041 shares of the auto parts company’s stock worth $3,317,000 after acquiring an additional 13,792 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in LKQ by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,882 shares of the auto parts company’s stock valued at $1,629,000 after acquiring an additional 2,222 shares during the period. Yousif Capital Management LLC boosted its position in shares of LKQ by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 44,028 shares of the auto parts company’s stock worth $1,999,000 after purchasing an additional 520 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of LKQ by 25.0% during the 1st quarter. Raymond James Trust N.A. now owns 12,163 shares of the auto parts company’s stock worth $553,000 after purchasing an additional 2,429 shares during the period. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LKQ has been the topic of a number of research analyst reports. Robert W. Baird reissued an “outperform” rating and set a $65.00 price objective on shares of LKQ in a report on Monday, August 28th. StockNews.com lowered LKQ from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 3rd.

LKQ Trading Up 0.0 %

NASDAQ:LKQ opened at $50.46 on Friday. LKQ Co. has a 52-week low of $46.20 and a 52-week high of $59.38. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $54.70 and a 200-day simple moving average of $55.31. The company has a market capitalization of $13.50 billion, a PE ratio of 13.53 and a beta of 1.35.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 27th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.46 billion. LKQ had a net margin of 7.80% and a return on equity of 18.65%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, equities research analysts expect that LKQ Co. will post 4 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Wednesday, August 16th. LKQ’s dividend payout ratio (DPR) is presently 29.49%.

Insider Buying and Selling at LKQ

In related news, CEO Dominick P. Zarcone sold 32,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $51.74, for a total transaction of $1,655,680.00. Following the sale, the chief executive officer now owns 495,004 shares of the company’s stock, valued at $25,611,506.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by 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 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.