New Age Alpha Advisors LLC Cuts Holdings in LKQ Corporation (NASDAQ:LKQ)

New Age Alpha Advisors LLC decreased its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 55,455 shares of the auto parts company's stock after selling 35,130 shares during the quarter. New Age Alpha Advisors LLC's holdings in LKQ were worth $2,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LKQ. Janney Montgomery Scott LLC purchased a new stake in shares of LKQ in the first quarter worth $321,000. Goodman Financial Corp increased its position in shares of LKQ by 2.8% in the first quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock worth $13,498,000 after purchasing an additional 8,502 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in LKQ in the 1st quarter worth approximately $1,618,000. Amalgamated Bank lifted its holdings in shares of LKQ by 1.6% during the 1st quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock worth $2,163,000 after acquiring an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings in shares of LKQ by 53.2% in the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock worth $709,000 after purchasing an additional 6,698 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird lowered their price objective on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Finally, Barrington Research restated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.40.

LKQ Stock Down 1.0%

LKQ traded down $0.29 during trading on Friday, reaching $29.46. The stock had a trading volume of 4,160,330 shares, compared to its average volume of 3,649,275. 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 50 day moving average is $36.32 and its two-hundred day moving average is $39.01. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 10.79 and a beta of 0.92. LKQ Corporation has a one year low of $28.92 and a one year high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 4.1%. LKQ's payout ratio is 43.96%.

LKQ Profile

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.