Posted by admin on Aug 2nd, 2022

LKQ Co. (NASDAQ:LKQ – Get Rating) Director Joseph M. Holsten sold 70,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 136,901 shares of the company’s stock, valued at approximately $7,472,056.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LKQ stock opened at $55.27 on Tuesday. The stock has a market capitalization of $15.63 billion, a PE ratio of 13.13 and a beta of 1.40. LKQ Co. has a twelve month low of $42.36 and a twelve month high of $60.43. The company has a quick ratio of 0.68, a current ratio of 1.74 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $50.66 and a 200-day moving average of $49.86.

LKQ (NASDAQ:LKQ – Get Rating) last announced its earnings results on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. LKQ had a net margin of 9.21% and a return on equity of 19.88%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that LKQ Co. will post 3.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, August 10th. LKQ’s payout ratio is 23.75%.

Several brokerages have commented on LKQ. Barrington Research raised shares of LKQ from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 28th. StockNews.com downgraded shares of LKQ from a “strong-buy” rating to a “buy” rating in a research note on Friday. Raymond James reaffirmed a “maintains” rating on shares of LKQ in a research note on Friday. Finally, MKM Partners assumed coverage on shares of LKQ in a report on Wednesday, July 13th. They issued a “buy” rating and a $68.00 price target for the company. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $65.00.

Several large investors have recently added to or reduced their stakes in the business. Morris Capital Advisors LLC boosted its holdings in LKQ by 0.4% during the fourth quarter. Morris Capital Advisors LLC now owns 49,254 shares of the auto parts company’s stock worth $2,957,000 after purchasing an additional 184 shares during the last quarter. Column Capital Advisors LLC lifted its stake in LKQ by 13.2% in the fourth quarter. Column Capital Advisors LLC now owns 1,607 shares of the auto parts company’s stock valued at $96,000 after acquiring an additional 187 shares during the last quarter. CWM LLC lifted its stake in LKQ by 3.1% in the second quarter. CWM LLC now owns 7,268 shares of the auto parts company’s stock valued at $357,000 after acquiring an additional 221 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in LKQ by 0.6% in the first quarter. Johnson Investment Counsel Inc. now owns 40,736 shares of the auto parts company’s stock valued at $1,850,000 after acquiring an additional 230 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted 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 acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

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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