209,642 Shares in LKQ Corporation (NASDAQ:LKQ) Purchased by Brown Advisory Inc.

Brown Advisory Inc. acquired a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 209,642 shares of the auto parts company's stock, valued at approximately $8,918,000. Brown Advisory Inc. owned about 0.08% of LKQ as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 500 shares during the last quarter. Horizon Financial Services LLC acquired a new position in shares of LKQ during the 1st quarter valued at $42,000. Bruce G. Allen Investments LLC lifted its position in shares of LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 851 shares during the period. Private Trust Co. NA lifted its position in shares of LKQ by 30.2% during the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after acquiring an additional 428 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of LKQ by 56.2% during the 1st quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock valued at $84,000 after acquiring an additional 709 shares during the period. 95.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of research reports. Barrington Research reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, LKQ presently has an average rating of "Moderate Buy" and an average price target of $52.60.

LKQ Stock Down 1.6%

LKQ traded down $0.61 during trading on Friday, hitting $38.60. 2,159,449 shares of the company's stock were exchanged, compared to its average volume of 2,314,296. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $39.33 and its two-hundred day moving average is $39.57. LKQ Corporation has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The stock has a market cap of $9.96 billion, a P/E ratio of 14.40 and a beta of 0.95.

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 for the quarter, hitting the consensus estimate of $0.79. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. As a group, equities analysts expect that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.11%. LKQ's payout ratio is 44.78%.

Insider Buying and Selling at LKQ

In other news, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction dated Friday, April 25th. The stock was bought 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 directly owned 280,777 shares in the company, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated 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 sale, the director owned 316,135 shares of the company's stock, valued at approximately $12,019,452.70. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% 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.