Qsemble Capital Management LP Purchases New Stake in LKQ Co. (NASDAQ:LKQ)

Qsemble Capital Management LP acquired a new position in LKQ Co. (NASDAQ:LKQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,537 shares of the auto parts company’s stock, valued at approximately $1,769,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Czech National Bank increased its stake in LKQ by 0.5% in the 1st quarter. Czech National Bank now owns 47,084 shares of the auto parts company’s stock valued at $2,515,000 after purchasing an additional 216 shares in the last quarter. Bleakley Financial Group LLC grew its stake in LKQ by 5.3% in the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock valued at $244,000 after acquiring an additional 229 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of LKQ by 4.6% in the first quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 233 shares in the last quarter. 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 valued at $50,000 after buying an additional 278 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of LKQ by 2.2% during the first quarter. Ballentine Partners LLC now owns 13,158 shares of the auto parts company’s stock valued at $703,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird cut their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, July 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Thursday, July 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has a consensus rating of “Buy” and a consensus price target of $60.80.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $38.83 on Thursday. 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 Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 12.61 and a beta of 1.29. The business has a 50-day moving average of $41.49 and a 200-day moving average of $44.82.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data 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 net margin of 5.03% and a return on equity of 15.33%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the business earned $1.09 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that LKQ Co. will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders 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 dividend on an annualized basis and a yield of 3.09%. LKQ’s dividend payout ratio is currently 38.96%.

Insider Buying and Selling at LKQ

In other LKQ news, SVP Matthew J. Mckay purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the purchase, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Andrew C. Clarke purchased 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The shares were 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. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew J. Mckay acquired 2,500 shares of the 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 completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The disclosure for this purchase can be found here. Insiders bought a total of 12,600 shares of company stock valued at $500,870 in the last ninety days. Insiders own 0.55% of the company’s stock.

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.