440,000 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments bought a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 440,000 shares of the auto parts company's stock, valued at approximately $15,935,000. BLI Banque de Luxembourg Investments owned 0.17% of LKQ at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LKQ. Fuller & Thaler Asset Management Inc. acquired a new stake in LKQ in the fourth quarter valued at $165,548,000. Norges Bank purchased a new stake in LKQ during the fourth quarter worth $119,395,000. Clarkston Capital Partners LLC acquired a new stake in LKQ in the fourth quarter valued at $91,678,000. Invesco Ltd. increased its position in shares of LKQ by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock valued at $204,739,000 after buying an additional 1,171,481 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of LKQ during the 4th quarter worth $40,363,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Buying and Selling at LKQ

In other news, CEO Justin L. Jude purchased 2,708 shares of the stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the transaction, the chief executive officer now owns 280,777 shares in the company, valued at approximately $10,385,941.23. The trade was a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total transaction of $190,100.00. Following the completion of the transaction, the director now owns 316,135 shares in the company, valued at $12,019,452.70. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $1,873,750 in the last 90 days. 0.55% of the stock is owned by company insiders.

LKQ Trading Up 0.0 %

Shares of NASDAQ:LKQ traded up $0.01 during trading on Wednesday, reaching $39.40. The stock had a trading volume of 2,279,611 shares, compared to its average volume of 2,269,579. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The stock has a market cap of $10.17 billion, a P/E ratio of 15.04 and a beta of 0.98. The business has a fifty day moving average price of $41.03 and a 200-day moving average price of $39.15. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the firm posted $0.82 EPS. LKQ's revenue was down 6.5% on a year-over-year basis. As a group, analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's payout ratio is 44.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Monday, April 21st. 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 currently has an average rating of "Moderate Buy" and an average price target of $52.60.

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.