LKQ Co. (NASDAQ:LKQ) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 51.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 487,642 shares of the auto parts company's stock after buying an additional 166,231 shares during the quarter. BNP Paribas Financial Markets owned about 0.19% of LKQ worth $17,921,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Ananym Capital Management LP acquired a new position in shares of LKQ in the 4th quarter valued at about $23,910,000. Aristotle Capital Boston LLC increased its stake in shares of LKQ by 8.0% in the 4th quarter. Aristotle Capital Boston LLC now owns 100,828 shares of the auto parts company's stock valued at $3,705,000 after purchasing an additional 7,502 shares in the last quarter. AXA S.A. boosted its position in LKQ by 257.0% during the fourth quarter. AXA S.A. now owns 54,552 shares of the auto parts company's stock worth $2,005,000 after purchasing an additional 39,272 shares in the last quarter. Wahed Invest LLC grew its holdings in LKQ by 6.4% in the fourth 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, Rehmann Capital Advisory Group increased its position in shares of LKQ by 17.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 18,357 shares of the auto parts company's stock valued at $675,000 after buying an additional 2,727 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Price Performance

LKQ traded down $0.06 during trading on Wednesday, reaching $42.02. The company's stock had a trading volume of 2,529,907 shares, compared to its average volume of 2,287,000. 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 firm has a fifty day simple moving average of $40.94 and a two-hundred day simple moving average of $39.24. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 16.04 and a beta of 0.98. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) 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 analysts' expectations of $3.58 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm's quarterly revenue was down 6.5% on a year-over-year basis. As a group, analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's dividend payout ratio is presently 44.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. JPMorgan Chase & Co. lifted their price objective on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has a consensus rating of "Buy" and an average price target of $52.60.

Insider Buying and Selling

In other news, CEO Justin L. Jude acquired 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $36.99 per share, with a total value of $100,168.92. Following the completion of the purchase, the chief executive officer now owns 280,777 shares of the company's stock, valued at $10,385,941.23. This represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the transaction, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,873,750. 0.55% of the stock is currently owned by insiders.

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.