GHP Investment Advisors Inc. Sells 598 Shares of LKQ Co. (NASDAQ:LKQ)

GHP Investment Advisors Inc. reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,243 shares of the auto parts company’s stock after selling 598 shares during the quarter. GHP Investment Advisors Inc.’s holdings in LKQ were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in shares of LKQ during the second quarter worth $33,000. Allworth Financial LP boosted its holdings in LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of LKQ during the 1st quarter worth about $56,000. Bruce G. Allen Investments LLC increased its stake in shares of LKQ by 33.5% in 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 acquiring an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of LKQ by 29.8% in the 2nd 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. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LKQ

In other LKQ news, SVP Matthew J. Mckay bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the transaction, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $37.55 on Friday. The company has a fifty day moving average price of $40.02 and a 200 day moving average price of $41.92. The firm has a market cap of $9.89 billion, a PE ratio of 13.75 and a beta of 1.28. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. Research analysts predict that LKQ Co. will post 3.54 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday. Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

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.