Cooke & Bieler LP decreased its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,766,493 shares of the auto parts company's stock after selling 109,840 shares during the quarter. LKQ comprises 1.6% of Cooke & Bieler LP's holdings, making the stock its 20th largest position. Cooke & Bieler LP owned 1.46% of LKQ worth $160,227,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 500 shares during the last quarter. Horizon Financial Services LLC acquired a new position in LKQ in the first quarter valued at $42,000. Bruce G. Allen Investments LLC boosted its holdings in LKQ by 299.6% in the first 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 last quarter. Whittier Trust Co. lifted its stake in shares of LKQ by 70.9% in the first quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock worth $73,000 after acquiring an additional 708 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of LKQ by 30.2% in the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock worth $79,000 after acquiring an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on LKQ shares. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have issued 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.
Read Our Latest Stock Report on LKQ
Insider Activity at LKQ
In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total transaction of $190,100.00. Following the sale, the director owned 316,135 shares of the company's stock, valued at $12,019,452.70. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Justin L. Jude acquired 2,708 shares of the firm's stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the acquisition, the chief executive officer directly owned 280,777 shares in the company, valued at $10,385,941.23. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. 0.55% of the stock is currently owned by corporate insiders.
LKQ Stock Performance
Shares of LKQ stock traded up $0.10 during trading on Thursday, reaching $37.45. 1,952,233 shares of the company's stock traded hands, compared to its average volume of 2,315,756. The firm's 50-day moving average is $39.18 and its 200 day moving average is $39.56. The company has a market capitalization of $9.67 billion, a P/E ratio of 13.97 and a beta of 0.95. LKQ Corporation has a 1 year low of $35.56 and a 1 year high of $46.64. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62.
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, meeting analysts' consensus estimates of $0.79. The business had revenue of $3.46 billion during 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%. LKQ's revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. Equities research analysts expect that LKQ Corporation will post 3.57 EPS for the current year.
LKQ Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is currently 44.78%.
LKQ Company Profile
(
Free Report)
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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