Versor Investments LP Takes $438,000 Position in LKQ Co. (NASDAQ:LKQ)

Posted by Defense World Staff on Apr 15th, 2023

Versor Investments LP purchased a new stake in shares of LKQ Co. (NASDAQ:LKQ – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,200 shares of the auto parts company’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds have also modified their holdings of LKQ. Covestor Ltd boosted its holdings in LKQ by 81.1% in the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 279 shares in the last quarter. Front Row Advisors LLC boosted its holdings in LKQ by 300.6% in the third quarter. Front Row Advisors LLC now owns 665 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 499 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in LKQ by 417.6% in the third quarter. Ronald Blue Trust Inc. now owns 823 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 664 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in LKQ by 78.2% in the third quarter. Janiczek Wealth Management LLC now owns 909 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 399 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in LKQ by 1,874.6% during the third quarter. Rockefeller Capital Management L.P. now owns 1,402 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 1,331 shares during the period. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LKQ

In other LKQ news, Director Holdings L.P. Valueact sold 383,088 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $57.76, for a total value of $22,127,162.88. Following the transaction, the director now directly owns 4,663,667 shares in the company, valued at approximately $269,373,405.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 3,700,295 shares of company stock worth $211,735,266. Insiders own 0.55% of the company’s stock.

LKQ Stock Up 0.7 %

Shares of LKQ opened at $56.32 on Friday. The company has a 50-day simple moving average of $56.07 and a 200-day simple moving average of $54.52. The firm has a market capitalization of $15.05 billion, a P/E ratio of 13.70 and a beta of 1.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.66 and a current ratio of 1.87. LKQ Co. has a 52 week low of $46.20 and a 52 week high of $59.33.

LKQ (NASDAQ:LKQ – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The auto parts company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.06). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.04 billion. LKQ had a net margin of 8.98% and a return on equity of 19.31%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. On average, equities research analysts expect that LKQ Co. will post 4.07 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.10 dividend on an annualized basis and a yield of 1.95%. LKQ’s payout ratio is 26.76%.

Analysts Set New Price Targets

A number of research firms have issued reports on LKQ. Raymond James upped their price target on shares of LKQ from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Roth Capital restated a “buy” rating on shares of LKQ in a report on Tuesday, February 21st. Finally, StockNews.com cut shares of LKQ from a “strong-buy” rating to a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $67.00.

LKQ Profile

(Get Rating)

LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F.

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.