LKQ Co. (NASDAQ:LKQ) is Hunter Perkins Capital Management LLC’s 10th Largest Position

Hunter Perkins Capital Management LLC lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 358,717 shares of the auto parts company’s stock after acquiring an additional 3,859 shares during the quarter. LKQ accounts for about 2.9% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Hunter Perkins Capital Management LLC’s holdings in LKQ were worth $14,320,000 as of its most recent SEC filing.

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

Insider Transactions at LKQ

In other news, SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the purchase, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The trade was a 200.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,600 shares of company stock valued at $500,870 over the last three months. 0.55% of the stock is owned by corporate insiders.

LKQ Trading Up 0.6 %

Shares of NASDAQ LKQ traded up $0.22 during mid-day trading on Wednesday, hitting $39.22. 1,129,425 shares of the company traded hands, compared to its average volume of 1,855,489. The company has a quick ratio of 0.70, a current ratio of 1.75 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. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 12.66 and a beta of 1.28. The business has a 50 day moving average of $40.17 and a two-hundred day moving average of $42.71.

LKQ (NASDAQ:LKQ) last announced its 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 firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, sell-side analysts anticipate that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.06%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio is currently 38.96%.

Analysts Set New Price Targets

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

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.