Deutsche Bank AG Acquires 490,502 Shares of LKQ Co. (NASDAQ:LKQ)

Deutsche Bank AG boosted its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 42.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,636,997 shares of the auto parts company's stock after acquiring an additional 490,502 shares during the quarter. Deutsche Bank AG owned 0.63% of LKQ worth $60,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 48,813 shares in the last quarter. Invesco Ltd. grew its stake in LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after buying an additional 1,171,481 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LKQ by 25.2% in the 4th 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. bought a new stake in shares of LKQ during the 4th quarter worth $165,548,000. Finally, Norges Bank bought a new stake in shares of LKQ during the 4th quarter worth $119,395,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

LKQ has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

LKQ Stock Up 4.7%

Shares of LKQ stock opened at $42.00 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $46.64. The company's 50 day moving average price is $40.95 and its 200-day moving average price is $39.22. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 16.03 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 earnings per share. Equities research 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. Stockholders of record on Thursday, May 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. LKQ's dividend payout ratio is currently 44.78%.

Insider Activity

In other news, CEO Justin L. Jude purchased 2,708 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the transaction, the chief executive officer now directly owns 280,777 shares of the company's stock, valued at $10,385,941.23. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,000 shares of company stock valued at $1,873,750. Company insiders own 0.55% of the company's stock.

About LKQ

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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