Ananym Capital Management LP Invests $23.91 Million in LKQ Co. (NASDAQ:LKQ)

Ananym Capital Management LP acquired a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 650,600 shares of the auto parts company's stock, valued at approximately $23,910,000. LKQ accounts for 13.1% of Ananym Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. Ananym Capital Management LP owned about 0.25% of LKQ as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cromwell Holdings LLC raised its stake in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after buying an additional 332 shares during the period. CENTRAL TRUST Co increased its holdings in LKQ by 618.0% during the 4th 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 in the last quarter. Allworth Financial LP increased its holdings in LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares in the last quarter. Blue Trust Inc. increased its holdings in LKQ by 25.9% during the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock worth $105,000 after purchasing an additional 585 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of LKQ by 92.5% in the fourth quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company's stock valued at $106,000 after acquiring an additional 1,389 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LKQ

In other news, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of $36.99 per share, with a total value of $100,168.92. Following 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the sale, the director now directly owns 321,135 shares in the company, valued at approximately $13,535,840.25. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock worth $1,457,150 over the last 90 days. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LKQ. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Monday, April 21st. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

LKQ Stock Performance

Shares of LKQ stock traded up $0.52 during trading hours on Tuesday, reaching $40.71. The company had a trading volume of 435,831 shares, compared to its average volume of 2,273,126. LKQ Co. has a one year low of $35.56 and a one year high of $46.64. The business has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $39.49. 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 firm has a market cap of $10.51 billion, a PE ratio of 15.55 and a beta of 0.98.

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

LKQ Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.95%. LKQ's payout ratio is 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.