Boston Common Asset Management LLC Sells 101,037 Shares of LKQ Co. (NASDAQ:LKQ)

by · The Cerbat Gem

Boston Common Asset Management LLC trimmed its position in LKQ Co. (NASDAQ:LKQ – Free Report) by 48.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 108,722 shares of the auto parts company’s stock after selling 101,037 shares during the period. Boston Common Asset Management LLC’s holdings in LKQ were worth $4,340,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new stake in shares of LKQ during the second quarter worth $3,839,000. CHURCHILL MANAGEMENT Corp acquired a new position in LKQ in the first quarter valued at about $1,468,000. Capital World Investors grew its stake in LKQ by 91.0% in the first quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after acquiring an additional 277,700 shares during the period. SG Americas Securities LLC grew its stake in LKQ by 133.2% in the first quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company’s stock valued at $4,652,000 after acquiring an additional 49,739 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in LKQ in the first quarter valued at about $1,910,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

LKQ opened at $38.31 on Friday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The firm has a market capitalization of $10.09 billion, a PE ratio of 14.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The business’s 50-day simple moving average is $40.19 and its 200 day simple moving average is $43.04.

LKQ (NASDAQ:LKQ – Get Free Report) last released 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 business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company earned $1.09 EPS. LKQ’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that LKQ Co. will post 3.55 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio is currently 43.96%.

Insider Buying and Selling

In other LKQ news, Director Andrew C. Clarke bought 7,600 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $417,604.30. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew J. Mckay purchased 2,500 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the purchase, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 12,600 shares of company stock valued at $500,870 over the last 90 days. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on LKQ. Robert W. Baird decreased their target price on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Roth Mkm reissued a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Wednesday, September 18th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. boosted their price target 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Read Our Latest Report on LKQ

About LKQ

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQ – Free Report).