APG Asset Management N.V. Sells 13,738 Shares of LKQ Co. (NASDAQ:LKQ)

APG Asset Management N.V. decreased its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 391,239 shares of the auto parts company's stock after selling 13,738 shares during the quarter. APG Asset Management N.V. owned 0.15% of LKQ worth $15,182,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in LKQ by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company's stock valued at $1,650,234,000 after purchasing an additional 656,883 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in LKQ by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock valued at $496,772,000 after buying an additional 875,420 shares in the last quarter. Wellington Management Group LLP grew its holdings in LKQ by 9.5% during the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company's stock worth $540,398,000 after acquiring an additional 977,585 shares during the period. Allspring Global Investments Holdings LLC raised its position in LKQ by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company's stock worth $486,775,000 after acquiring an additional 111,124 shares in the last quarter. Finally, Boston Partners lifted its holdings in LKQ by 9.5% in the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company's stock valued at $438,108,000 after acquiring an additional 712,698 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LKQ

In related news, CEO Justin L. Jude acquired 2,500 shares of the business's stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares of the company's stock, valued at $8,281,923.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the company's stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Justin L. Jude bought 2,500 shares of the firm's stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares in the company, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 12,600 shares of company stock worth $500,870. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

LKQ has been the subject of several research reports. StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th. Barrington Research reiterated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Wednesday, September 18th. Robert W. Baird cut their price objective on LKQ from $54.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Finally, Roth Mkm restated a "buy" rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, LKQ has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

LKQ Stock Up 0.7 %

Shares of LKQ stock traded up $0.27 during midday trading on Friday, reaching $40.37. 3,119,638 shares of the company's stock traded hands, compared to its average volume of 1,838,952. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company's 50 day simple moving average is $40.71 and its 200 day simple moving average is $43.79. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 13.11 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the company earned $1.09 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. LKQ's payout ratio is 38.96%.

LKQ Company Profile

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 mechanical automotive parts and accessories; 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.