Ferguson Wellman Capital Management Inc. raised its stake in LKQ Co. (NASDAQ:LKQ – Free Report) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,287 shares of the auto parts company’s stock after acquiring an additional 5,672 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.16% of LKQ worth $24,956,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Clear Street Markets LLC boosted its position in LKQ by 94.1% during the first quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd lifted its position in shares of LKQ by 81.1% during the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock valued at $28,000 after buying an additional 279 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new stake in LKQ in the 1st quarter valued at $35,000. Venturi Wealth Management LLC purchased a new stake in LKQ in the 1st quarter worth $36,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in LKQ by 55.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Dominick P. Zarcone sold 32,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 495,004 shares of the company’s stock, valued at approximately $25,611,506.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.
Analyst Ratings Changes
LKQ Price Performance
Shares of NASDAQ LKQ traded down $0.39 during mid-day trading on Friday, reaching $49.94. The company’s stock had a trading volume of 4,073,090 shares, compared to its average volume of 1,362,437. The stock has a 50-day moving average of $53.95 and a two-hundred day moving average of $55.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 2.03. The stock has a market capitalization of $13.36 billion, a P/E ratio of 13.39 and a beta of 1.35. LKQ Co. has a 1-year low of $46.20 and a 1-year high of $59.38.
LKQ (NASDAQ:LKQ – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.46 billion. LKQ had a net margin of 7.80% and a return on equity of 18.65%. LKQ’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, equities research analysts anticipate that LKQ Co. will post 4 EPS 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 $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 16th. LKQ’s payout ratio is currently 29.49%.
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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