Gulf International Bank UK Ltd Has $629,000 Stock Holdings in LKQ Corporation (NASDAQ:LKQ)

Gulf International Bank UK Ltd decreased its position in shares of LKQ Corporation (NASDAQ:LKQ) by 29.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,801 shares of the auto parts company’s stock after selling 6,208 shares during the quarter. Gulf International Bank UK Ltd’s holdings in LKQ were worth $629,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company’s stock valued at $799,000 after purchasing an additional 286 shares during the period. MetLife Investment Management LLC lifted its stake in shares of LKQ by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company’s stock valued at $2,528,000 after purchasing an additional 352 shares during the period. United Capital Financial Advisors LLC lifted its stake in shares of LKQ by 6.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company’s stock valued at $237,000 after purchasing an additional 382 shares during the period. Wahed Invest LLC lifted its stake in shares of LKQ by 6.4% in the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 405 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of LKQ by 2.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company’s stock valued at $852,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Robert W. Baird cut their price target on LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.40.

LKQ Stock Performance

Shares of LKQ stock opened at $30.97 on Friday. The company has a market capitalization of $7.97 billion, a PE ratio of 11.34 and a beta of 0.92. LKQ Corporation has a 12 month low of $28.92 and a 12 month high of $44.82. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $35.42 and its 200 day simple moving average is $38.75.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. On average, research analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

About LKQ

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.