Wedge Capital Management L L P NC Has $10.17 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Wedge Capital Management L L P NC grew its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 18.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,818 shares of the auto parts company's stock after acquiring an additional 39,879 shares during the period. Wedge Capital Management L L P NC owned 0.10% of LKQ worth $10,172,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Czech National Bank increased its position in LKQ by 0.5% during the first quarter. Czech National Bank now owns 47,084 shares of the auto parts company's stock worth $2,515,000 after buying an additional 216 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of LKQ by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company's stock worth $244,000 after buying an additional 229 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of LKQ by 4.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company's stock worth $280,000 after buying an additional 233 shares during the period. Banque Cantonale Vaudoise boosted its holdings in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 278 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of LKQ by 2.2% in the first quarter. Ballentine Partners LLC now owns 13,158 shares of the auto parts company's stock valued at $703,000 after purchasing an additional 280 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other LKQ news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was bought 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 represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Matthew J. Mckay bought 2,500 shares of the business's stock in a transaction 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 purchase, the senior vice president now owns 94,670 shares of the company's stock, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew C. Clarke bought 7,600 shares of the firm's stock in a transaction dated Friday, July 26th. The shares were bought 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 directly owns 10,519 shares in the company, valued at approximately $417,604.30. This trade represents a 200.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 12,600 shares of company stock valued at $500,870 over the last three months. 0.55% of the stock is owned by insiders.

LKQ Price Performance

Shares of LKQ stock traded down $0.29 during midday trading on Tuesday, hitting $39.00. 2,167,978 shares of the company were exchanged, compared to its average volume of 1,859,301. The firm has a 50 day simple moving average of $40.17 and a 200-day simple moving average of $42.71. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm has a market cap of $10.40 billion, a P/E ratio of 12.66 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70.

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 analysts' consensus estimates of $1.03 by ($0.05). The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Research analysts forecast that LKQ Co. will post 3.55 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ's dividend payout ratio is presently 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.