Caption Management LLC Acquires New Stake in LKQ Co. (NASDAQ:LKQ)

Caption Management LLC acquired a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the auto parts company's stock, valued at approximately $1,838,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its stake in LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock worth $241,643,000 after buying an additional 48,813 shares in the last quarter. Invesco Ltd. increased its position in shares of LKQ by 26.6% during the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after purchasing an additional 1,171,481 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in LKQ by 25.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock worth $192,268,000 after buying an additional 1,053,001 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LKQ during the fourth quarter worth approximately $165,548,000. Finally, Norges Bank acquired a new position in shares of LKQ in the 4th quarter worth approximately $119,395,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analyst Weigh In

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

LKQ Trading Up 0.2 %

Shares of LKQ stock traded up $0.07 on Friday, reaching $40.10. 1,569,115 shares of the stock were exchanged, compared to its average volume of 2,277,175. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a one year low of $35.56 and a one year high of $46.64. The stock has a market cap of $10.35 billion, a PE ratio of 15.31 and a beta of 0.98. The stock has a 50 day moving average price of $40.95 and a 200 day moving average price of $39.18.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $3.58 billion. During the same period in the prior year, the company posted $0.82 EPS. The company's revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

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

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the business'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 approximately $12,019,452.70. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Justin L. Jude bought 2,708 shares of the business's stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the acquisition, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 45,000 shares of company stock worth $1,873,750 in the last three months. 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.