Bridgefront Capital LLC Takes $289,000 Position in LKQ Co. (NASDAQ:LKQ)

Bridgefront Capital LLC bought a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,862 shares of the auto parts company's stock, valued at approximately $289,000.

Other institutional investors have also recently modified their holdings of the company. Cromwell Holdings LLC lifted its position in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares in the last quarter. CENTRAL TRUST Co increased its position in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after purchasing an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LKQ in the third quarter worth approximately $81,000. Allworth Financial LP lifted its position in LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after buying an additional 1,089 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in LKQ by 25.9% in the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after purchasing an additional 585 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.07 on Friday, reaching $40.10. The company's stock had a trading volume of 1,569,115 shares, compared to its average volume of 2,277,175. The stock has a market capitalization of $10.35 billion, a P/E ratio of 15.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The stock's 50-day moving average is $40.95 and its two-hundred day moving average is $39.18. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.81% and a return on equity of 14.93%. The company had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same period in the previous year, the company posted $0.82 EPS. LKQ's revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's payout ratio is 44.78%.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research reports. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

Insider Buying and Selling at LKQ

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