Reinhart Partners LLC. Reduces Stake in LKQ Co. (NASDAQ:LKQ)

Reinhart Partners LLC. decreased its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,591 shares of the auto parts company's stock after selling 21,600 shares during the quarter. Reinhart Partners LLC. owned 0.10% of LKQ worth $10,882,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LKQ. Rothschild Investment LLC bought a new position in shares of LKQ during the 2nd quarter valued at approximately $33,000. Quarry LP increased its stake in shares of 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 in the last quarter. CVA Family Office LLC raised its position in shares of LKQ by 54.2% during the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company's stock valued at $44,000 after purchasing an additional 290 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock valued at $46,000 after buying an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after buying an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

LKQ stock traded up $0.73 during trading on Friday, hitting $39.04. 1,806,034 shares of the company's stock traded hands, compared to its average volume of 1,856,980. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 12.68 and a beta of 1.28. The business has a fifty day simple moving average of $40.17 and a 200 day simple moving average of $42.88. 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 (NASDAQ:LKQ - Get Free Report) last released 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 company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. As a group, research analysts expect that LKQ Co. will post 3.55 EPS for the current fiscal year.

LKQ Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

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

About LKQ

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.