Massmutual Trust Co. FSB ADV Decreases Stock Holdings in LKQ Co. (NASDAQ:LKQ)

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Massmutual Trust Co. FSB ADV trimmed its position in shares of LKQ Co. (NASDAQ:LKQGet Rating) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,928 shares of the auto parts company’s stock after selling 1,276 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in LKQ were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Covestor Ltd raised its position in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 279 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of LKQ in the 4th quarter valued at approximately $67,000. AlphaCentric Advisors LLC purchased a new position in shares of LKQ in the 4th quarter valued at approximately $86,000. Quent Capital LLC purchased a new position in LKQ during the 4th quarter worth approximately $100,000. Finally, Belpointe Asset Management LLC purchased a new position in LKQ during the 1st quarter worth approximately $113,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other LKQ news, Director Joseph M. Holsten sold 70,000 shares of LKQ stock in a transaction on Friday, July 29th. The shares were sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the sale, the director now owns 136,901 shares of the company’s stock, valued at approximately $7,472,056.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director John W. Mendel sold 1,617 shares of LKQ stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $54.61, for a total transaction of $88,304.37. Following the transaction, the director now owns 15,203 shares in the company, valued at approximately $830,235.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Holsten sold 70,000 shares of LKQ stock in a transaction on Friday, July 29th. The stock was sold at an average price of $54.58, for a total value of $3,820,600.00. Following the transaction, the director now owns 136,901 shares in the company, valued at approximately $7,472,056.58. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

LKQ Price Performance

LKQ stock opened at $48.72 on Monday. The company’s fifty day moving average price is $53.37 and its 200 day moving average price is $50.18. LKQ Co. has a 1 year low of $42.36 and a 1 year high of $60.43. The stock has a market capitalization of $13.37 billion, a P/E ratio of 11.57 and a beta of 1.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 1.74.

LKQ (NASDAQ:LKQGet Rating) last released its quarterly earnings results on Thursday, July 28th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. LKQ had a net margin of 9.21% and a return on equity of 19.88%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that LKQ Co. will post 3.95 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.00 annualized dividend and a yield of 2.05%. LKQ’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of research firms have issued reports on LKQ. StockNews.com raised shares of LKQ from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 4th. Guggenheim raised their price target on shares of LKQ to $70.00 in a research report on Monday, August 15th. Finally, MKM Partners initiated coverage on shares of LKQ in a research report on Wednesday, July 13th. They set a “buy” rating and a $68.00 price target for the company.

About LKQ

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LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. 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.

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