Richard P Slaughter Associates Inc cut its holdings in LKQ Co. (NASDAQ:LKQ – Free Report) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,462 shares of the auto parts company’s stock after selling 477 shares during the quarter. LKQ makes up approximately 0.9% of Richard P Slaughter Associates Inc’s holdings, making the stock its 23rd largest holding. Richard P Slaughter Associates Inc’s holdings in LKQ were worth $2,999,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. DnB Asset Management AS grew its stake in shares of LKQ by 6.6% in the second quarter. DnB Asset Management AS now owns 91,028 shares of the auto parts company’s stock worth $5,304,000 after purchasing an additional 5,661 shares during the last quarter. Symmetry Partners LLC grew its stake in shares of LKQ by 9.8% in the second quarter. Symmetry Partners LLC now owns 20,345 shares of the auto parts company’s stock worth $1,186,000 after purchasing an additional 1,809 shares during the last quarter. Narus Financial Partners LLC bought a new stake in shares of LKQ in the first quarter worth about $343,000. Berkshire Asset Management LLC PA bought a new stake in LKQ during the 1st quarter valued at approximately $297,000. Finally, Ontario Teachers Pension Plan Board boosted its position in LKQ by 40.1% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 40,097 shares of the auto parts company’s stock valued at $2,276,000 after acquiring an additional 11,470 shares in the last quarter. 93.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on LKQ shares. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 price objective on shares of LKQ in a research report on Monday, August 28th. StockNews.com raised LKQ from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.
LKQ Price Performance
Shares of NASDAQ LKQ opened at $50.33 on Friday. LKQ Co. has a twelve month low of $46.20 and a twelve month high of $59.38. The firm has a market cap of $13.47 billion, a P/E ratio of 13.49 and a beta of 1.35. The company has a 50 day moving average of $54.10 and a 200 day moving average of $55.13. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 0.57.
LKQ (NASDAQ:LKQ – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. LKQ had a net margin of 7.80% and a return on equity of 18.65%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts expect that LKQ Co. will post 4 EPS for the current fiscal year.
LKQ Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.10 dividend on an annualized basis and a yield of 2.19%. LKQ’s dividend payout ratio is presently 29.49%.
Insider Buying and Selling at LKQ
In other LKQ news, CEO Dominick P. Zarcone sold 32,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $51.74, for a total transaction of $1,655,680.00. Following the completion of the sale, the chief executive officer now directly owns 495,004 shares in the company, valued at approximately $25,611,506.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.55% of the company’s stock.
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.
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