International Assets Investment Management LLC invested $65,000 in LKQ Co. (NASDAQ:LKQ)

International Assets Investment Management LLC bought a new stake in LKQ Co. (NASDAQ:LKQ – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,566 shares of the auto parts company’s stock, valued at approximately $65,000.

A number of other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in LKQ by 27.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,569 shares of the auto parts company’s stock worth $1,230,000 after purchasing an additional 6,328 shares during the period. Lawson Kroeker Investment Management Inc. NE lifted its position in shares of LKQ by 2.1% during the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 208,206 shares of the auto parts company’s stock worth $8,659,000 after purchasing an additional 4,343 shares during the period. Principal Financial Group Inc. boosted its stake in LKQ by 230.3% in the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock valued at $42,053,000 after buying an additional 705,040 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in LKQ by 861.4% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 556,570 shares of the auto parts company’s stock valued at $23,148,000 after acquiring an additional 498,680 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in LKQ by 79.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,728 shares of the auto parts company’s stock worth $1,985,000 after acquiring an additional 21,066 shares during the last quarter. 95.63% of shares are currently owned by institutional investors and hedge funds.

Insider buying and selling

In other LKQ news, SVP Matthew J. Mckay acquired 2,500 shares of LKQ stock in a transaction on Monday, July 29th. The shares were purchased at an average cost 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 in the company, valued at $3,763,132.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. In related news, Director Andrew C. Clarke purchased 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, with a total value of $301,720.00. Following the purchase, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP Matthew J. Mckay purchased 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. Disclosure for this purchase can be found here. Insiders have purchased a total of 12,600 shares of company stock worth $500,870 over the last ninety days. Insiders own 0.55% of the company’s shares.

LKQ stock 0.7%

Shares of NASDAQ LKQ opened at $41.59 on Thursday. 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 company has a market cap of $11.10 billion, a price-to-earnings ratio of 13.50 and a beta of 1.29. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. The company’s 50-day simple moving average is $41.63, and its 200-day simple moving average is $45.17.

LKQ (NASDAQ:LKQ – Get Your Free Report ) last posted 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). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. On average, research analysts expect that LKQ Co. to post 3.6 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, August 15. LKQ’s dividend payout ratio is 38.96%.

Changes in Analyst Ratings

Several research firms recently weighed in on LKQ. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, July 25th. Roth Mkm reaffirmed a “buy” rating and set a $65.00 price objective on shares of LKQ in a report on Thursday, July 25th. Finally, Robert W. Baird cut their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, the 26th July. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.80.

Get the latest stock report on LKQ

About LKQ

(Free Report)

LKQ Corporation is engaged 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, body panels and lights, as well as mechanical auto parts and accessories; salvage products including mechanical and collision parts including engines; transmissions; door assemblies; sheet metal products such as trunk lids, fenders and hoods; lights and bumper assemblies; scrap metal and other materials for metal recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters and automotive oil and fluids, and electrical products including spark plugs and batteries.

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