LKQ Co. (NASDAQ:LKQ) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 30.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 44,339 shares of the auto parts company's stock after selling 19,073 shares during the period. AQR Capital Management LLC's holdings in LKQ were worth $1,836,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. grew its position in LKQ by 12.5% in the 4th quarter. Sei Investments Co. now owns 627,736 shares of the auto parts company's stock valued at $29,999,000 after acquiring an additional 69,548 shares in the last quarter. LM Advisors LLC acquired a new stake in LKQ during the 4th quarter worth approximately $240,000. Guardian Wealth Management Inc. lifted its holdings in LKQ by 55.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 79,092 shares of the auto parts company's stock worth $3,780,000 after buying an additional 28,275 shares in the last quarter. Quarry LP boosted its position in LKQ by 65.1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company's stock valued at $43,000 after buying an additional 355 shares during the period. Finally, V Square Quantitative Management LLC increased its position in shares of LKQ by 22.5% during the fourth quarter. V Square Quantitative Management LLC now owns 6,416 shares of the auto parts company's stock worth $307,000 after acquiring an additional 1,180 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

Insiders Place Their Bets

In other LKQ news, SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the transaction, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now owns 10,519 shares in the company, valued at $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 12,600 shares of company stock valued at $500,870 over the last quarter. Company insiders own 0.55% of the company's stock.

LKQ Stock Down 0.3 %

LKQ traded down $0.10 on Thursday, reaching $38.31. The company's stock had a trading volume of 2,316,150 shares, compared to its average volume of 1,857,240. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock has a 50 day moving average of $40.23 and a two-hundred day moving average of $43.07. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 12.47 and a beta of 1.28.

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

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. LKQ's dividend payout ratio is presently 38.96%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Roth Mkm reiterated a "buy" rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Wednesday, September 18th. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th. Robert W. Baird decreased their price target on shares of LKQ from $54.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $58.00.

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.