Boston Common Asset Management LLC Sells 101,037 Shares of LKQ Co. (NASDAQ:LKQ)

Boston Common Asset Management LLC lessened its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 48.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,722 shares of the auto parts company's stock after selling 101,037 shares during the period. Boston Common Asset Management LLC's holdings in LKQ were worth $4,340,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Guardian Wealth Management Inc. raised its stake 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 valued at $3,780,000 after acquiring an additional 28,275 shares in the last quarter. Quarry LP lifted its holdings in LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company's stock worth $43,000 after purchasing an additional 355 shares during the period. V Square Quantitative Management LLC grew its position in LKQ by 22.5% in the 4th quarter. V Square Quantitative Management LLC now owns 6,416 shares of the auto parts company's stock valued at $307,000 after buying an additional 1,180 shares in the last quarter. Virtu Financial LLC acquired a new position in LKQ during the 4th quarter valued at about $210,000. Finally, Wellington Management Group LLP raised its position in shares of LKQ by 9.5% during the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company's stock worth $540,398,000 after buying an additional 977,585 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Insider Activity

In other LKQ news, Director Andrew C. Clarke purchased 7,600 shares of the business's stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the acquisition, the director now directly owns 10,519 shares in the company, valued at $417,604.30. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andrew C. Clarke acquired 7,600 shares of the business's stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares of the company's stock, valued at approximately $417,604.30. This represents a 200.00 % 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. Also, CEO Justin L. Jude bought 2,500 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $39.91 per share, with a total value of $99,775.00. Following the purchase, the chief executive officer now owns 207,515 shares of the company's stock, valued at $8,281,923.65. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 12,600 shares of company stock valued at $500,870. 0.55% of the stock is owned by insiders.

LKQ Stock Up 1.9 %

Shares of NASDAQ:LKQ traded up $0.73 during trading on Friday, reaching $39.04. 1,806,017 shares of the company traded hands, compared to its average volume of 1,856,980. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The firm has a market cap of $10.41 billion, a P/E ratio of 12.68 and a beta of 1.28. The firm has a fifty day simple moving average of $40.17 and a 200 day simple moving average of $42.95.

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

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Thursday, August 15th. LKQ's dividend payout ratio (DPR) is 38.96%.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. 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 reduced their price objective on shares of LKQ from $54.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, July 26th. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th. Finally, Roth Mkm restated a "buy" rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, LKQ presently has a consensus rating of "Moderate Buy" and a consensus target price 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.