Osborne Partners Capital Management LLC Purchases 5,179 Shares of LKQ Co. (NASDAQ:LKQ)

by · The Cerbat Gem

Osborne Partners Capital Management LLC raised its position in LKQ Co. (NASDAQ:LKQ – Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,545 shares of the auto parts company’s stock after acquiring an additional 5,179 shares during the period. Osborne Partners Capital Management LLC owned approximately 0.05% of LKQ worth $5,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LKQ. Manning & Napier Advisors LLC purchased a new position in shares of LKQ in the 2nd quarter valued at about $3,839,000. Capital World Investors grew its position in shares of 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 purchasing an additional 277,700 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of 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 purchasing an additional 49,739 shares during the last quarter. Addenda Capital Inc. purchased a new position in LKQ during the second quarter worth approximately $6,419,000. Finally, TCW Group Inc. acquired a new position in LKQ during the second quarter worth $6,601,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on LKQ. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird dropped their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.80.

View Our Latest Report on LKQ

Insider Activity at LKQ

In related news, SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction on Monday, July 29th. The shares were bought at an average price of $39.75 per share, with a total value of $99,375.00. Following the transaction, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

LKQ Price Performance

LKQ stock opened at $37.55 on Friday. 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 company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.75 and a beta of 1.28. The company’s 50 day simple moving average is $40.02 and its 200-day simple moving average is $41.99. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that LKQ Co. will post 3.54 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is currently 43.96%.

LKQ Profile

(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.

Recommended Stories

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).