LKQ Corporation (NASDAQ:LKQ) Shares Bought by Check Capital Management Inc. CA

Check Capital Management Inc. CA boosted its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,600,158 shares of the auto parts company's stock after buying an additional 10,121 shares during the quarter. LKQ accounts for approximately 2.0% of Check Capital Management Inc. CA's investment portfolio, making the stock its 6th largest position. Check Capital Management Inc. CA owned 0.62% of LKQ worth $68,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Rice Hall James & Associates LLC raised its holdings in shares of LKQ by 59.0% in the first quarter. Rice Hall James & Associates LLC now owns 704,436 shares of the auto parts company's stock worth $29,967,000 after buying an additional 261,406 shares during the period. Isthmus Partners LLC grew its position in LKQ by 25.8% in the 1st quarter. Isthmus Partners LLC now owns 294,199 shares of the auto parts company's stock valued at $12,515,000 after acquiring an additional 60,290 shares during the last quarter. Prudent Man Advisors LLC increased its stake in LKQ by 5.8% in the first quarter. Prudent Man Advisors LLC now owns 12,203 shares of the auto parts company's stock worth $519,000 after purchasing an additional 671 shares during the period. CWM LLC lifted its position in shares of LKQ by 8.9% during the first quarter. CWM LLC now owns 7,437 shares of the auto parts company's stock worth $316,000 after purchasing an additional 606 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of LKQ by 1.0% during the first quarter. Stephens Inc. AR now owns 196,076 shares of the auto parts company's stock valued at $8,341,000 after purchasing an additional 1,991 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 0.6%

NASDAQ:LKQ traded down $0.22 during mid-day trading on Monday, reaching $38.38. The company's stock had a trading volume of 1,712,151 shares, compared to its average volume of 2,386,993. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. LKQ Corporation has a 1 year low of $35.56 and a 1 year high of $46.64. The stock has a fifty day moving average of $39.33 and a 200-day moving average of $39.57. The firm has a market capitalization of $9.91 billion, a PE ratio of 14.32 and a beta of 0.95.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The company's revenue 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. Equities research analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 44.78%.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total value of $190,100.00. Following the transaction, the director owned 316,135 shares of the company's stock, valued at $12,019,452.70. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Justin L. Jude acquired 2,708 shares of LKQ stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average price of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer owned 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. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

LKQ has been the topic of several recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, LKQ presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

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.