Profund Advisors LLC Purchases 210 Shares of LKQ Co. (NASDAQ:LKQ)

Posted by Defense World Staff on Sep 8th, 2023

Profund Advisors LLC increased its position in LKQ Co. (NASDAQ:LKQ – Free Report) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,267 shares of the auto parts company’s stock after purchasing an additional 210 shares during the quarter. Profund Advisors LLC’s holdings in LKQ were worth $242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in LKQ by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,096,883 shares of the auto parts company’s stock valued at $119,019,000 after acquiring an additional 12,111 shares during the period. Avalon Trust Co bought a new position in LKQ in the 1st quarter valued at about $23,246,000. Nomura Asset Management Co. Ltd. raised its holdings in LKQ by 0.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 66,130 shares of the auto parts company’s stock valued at $3,754,000 after acquiring an additional 229 shares during the period. Shelton Capital Management raised its holdings in LKQ by 635.6% in the 1st quarter. Shelton Capital Management now owns 149,335 shares of the auto parts company’s stock valued at $8,476,000 after acquiring an additional 129,035 shares during the period. Finally, Vinva Investment Management Ltd bought a new position in LKQ in the 1st quarter valued at about $4,182,000. 93.67% of the stock is owned by institutional investors.

LKQ Stock Performance

Shares of LKQ stock opened at $50.44 on Friday. LKQ Co. has a fifty-two week low of $46.20 and a fifty-two week high of $59.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.15. The firm has a market capitalization of $13.50 billion, a P/E ratio of 13.52 and a beta of 1.35. The company’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $55.37.

LKQ (NASDAQ:LKQ – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.46 billion. LKQ had a net margin of 7.80% and a return on equity of 18.65%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. On average, equities analysts forecast that LKQ Co. will post 4 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Wednesday, August 16th. LKQ’s dividend payout ratio is presently 29.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LKQ. StockNews.com lowered shares of LKQ from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 3rd. Robert W. Baird reiterated an “outperform” rating and set a $65.00 price target on shares of LKQ in a research report on Monday, August 28th.

Read Our Latest Stock Analysis on LKQ

Insider Buying and Selling

In related news, CEO Dominick P. Zarcone sold 32,000 shares of LKQ stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $51.74, for a total transaction of $1,655,680.00. Following the completion of the transaction, the chief executive officer now owns 495,004 shares of the company’s stock, valued at $25,611,506.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by insiders.

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 automotive glass products, such as windshields; 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.