New South Capital Management Inc. Has $63.80 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

New South Capital Management Inc. increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 30.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,533,911 shares of the auto parts company’s stock after acquiring an additional 357,465 shares during the period. LKQ comprises approximately 2.9% of New South Capital Management Inc.’s holdings, making the stock its 9th largest holding. New South Capital Management Inc.’s holdings in LKQ were worth $63,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Rothschild Investment LLC acquired a new position in shares of LKQ during the second quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. raised its holdings in LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares during the last quarter. Quarry LP raised its stake in shares of LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after buying an additional 355 shares during the last quarter. CVA Family Office LLC boosted its stake in LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 290 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

LKQ opened at $39.98 on Friday. The company has a fifty day simple moving average of $41.58 and a 200 day simple moving average of $45.03. 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 stock has a market cap of $10.67 billion, a P/E ratio of 12.98 and a beta of 1.29. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that LKQ Co. will post 3.6 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared 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 yield of 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s payout ratio is currently 38.96%.

Insider Activity

In other news, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction 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 acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were 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 of the company’s stock, valued at $417,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $39.75 per share, with a total value of $99,375.00. Following the acquisition, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The disclosure for this purchase can be found here. Insiders purchased 12,600 shares of company stock worth $500,870 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of analyst reports. Roth Mkm reissued a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Thursday, July 25th. Robert W. Baird cut their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LKQ currently has an average rating of “Moderate Buy” and an average price target of $60.80.

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.