Eminence Capital LP Purchases Shares of 1,876,031 LKQ Co. (NASDAQ:LKQ)

Eminence Capital LP purchased a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,876,031 shares of the auto parts company's stock, valued at approximately $68,944,000. Eminence Capital LP owned about 0.72% of LKQ as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after acquiring an additional 48,813 shares during the period. Invesco Ltd. grew its holdings in LKQ by 26.6% during the fourth 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 during the period. Dimensional Fund Advisors LP increased its position 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. bought a new stake in LKQ in the fourth quarter valued at approximately $165,548,000. Finally, Norges Bank acquired a new stake in shares of LKQ in the fourth quarter valued at approximately $119,395,000. Institutional investors own 95.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LKQ. JPMorgan Chase & Co. increased their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. Finally, StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. One 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 has an average rating of "Moderate Buy" and a consensus price target of $52.60.

Insider Activity at LKQ

In other LKQ news, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the acquisition, the chief executive officer now directly owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. The trade was a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone sold 10,000 shares of LKQ stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the transaction, the director now owns 359,462 shares of the company's stock, valued at $14,975,186.92. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,873,750 in the last three months. Corporate insiders own 0.55% of the company's stock.

LKQ Price Performance

LKQ stock opened at $39.39 on Wednesday. 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 company's fifty day simple moving average is $41.09 and its 200 day simple moving average is $39.15. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $46.64. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 15.03 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business 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 dividend of $0.30 per share. 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 3.05%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

LKQ Company 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.

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