LKQ Corporation (NASDAQ:LKQ) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,223 shares of the auto parts company's stock after buying an additional 6,988 shares during the quarter. Assenagon Asset Management S.A.'s holdings in LKQ were worth $3,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LKQ in the fourth quarter valued at about $165,548,000. EdgePoint Investment Group Inc. acquired a new position in LKQ in the 4th quarter valued at about $160,339,000. Norges Bank purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $119,395,000. Clarkston Capital Partners LLC acquired a new stake in shares of LKQ during the 4th quarter worth approximately $91,678,000. Finally, Eminence Capital LP acquired a new stake in shares of LKQ during the 4th quarter worth approximately $68,944,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Down 2.3%

Shares of NASDAQ LKQ traded down $0.89 during trading on Tuesday, reaching $37.15. The stock had a trading volume of 1,720,025 shares, compared to its average volume of 2,294,970. The business's 50-day moving average price is $40.30 and its 200-day moving average price is $39.59. LKQ Corporation has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.56 and a current ratio of 1.52. The company has a market cap of $9.59 billion, a P/E ratio of 11.03 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 4.97% and a return on equity of 14.66%. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, equities research analysts predict that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, May 15th. LKQ's dividend payout ratio is currently 44.78%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the 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 transaction, the director now owns 316,135 shares in the company, valued at approximately $12,019,452.70. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Justin L. Jude purchased 2,708 shares of the business's 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 completion of the purchase, the chief executive officer now directly owns 280,777 shares in the company, valued at $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LKQ. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Monday, April 21st. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, LKQ has a consensus rating of "Moderate Buy" and an average target price of $52.60.

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.