By otakuyassine3@gmail.com 
US Bancorp DE raised its position in shares of LKQ Co. (NASDAQ:LKQ – Free Report) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,255 shares of the auto parts company’s stock after acquiring an additional 7,611 shares during the period. US Bancorp DE’s holdings in LKQ were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Proficio Capital Partners LLC bought a new stake in LKQ during the 4th quarter valued at about $556,000. Oppenheimer & Co. Inc. boosted its position in LKQ by 0.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 65,452 shares of the auto parts company’s stock valued at $2,405,000 after purchasing an additional 501 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of LKQ by 58.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock worth $9,850,000 after buying an additional 99,229 shares during the last quarter. Skylands Capital LLC increased its position in shares of LKQ by 107.0% during the fourth quarter. Skylands Capital LLC now owns 72,050 shares of the auto parts company’s stock worth $2,648,000 after purchasing an additional 37,250 shares in the last quarter. Finally, South Dakota Investment Council raised its stake in LKQ by 23.7% in the fourth quarter. South Dakota Investment Council now owns 446,173 shares of the auto parts company’s stock valued at $16,397,000 after buying an additional 85,394 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.
LKQ Stock Performance
LKQ opened at $43.38 on Monday. The firm’s 50-day moving average price is $38.69 and its 200 day moving average price is $38.90. The firm has a market capitalization of $11.24 billion, a PE ratio of 16.56 and a beta of 1.28. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68.
LKQ (NASDAQ:LKQ – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. As a group, sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.
LKQ Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. LKQ’s dividend payout ratio is currently 45.80%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.60.
Check Out Our Latest Report on LKQ
Insider Transactions at LKQ
In other news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the sale, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 35,000 shares of company stock worth $1,416,300 over the last ninety days. Company insiders own 0.55% of the company’s stock.
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.
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