Coyle Financial Counsel LLC Sells 7,221 Shares of LKQ Corporation (NASDAQ:LKQ)

Coyle Financial Counsel LLC decreased its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 12.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,376 shares of the auto parts company's stock after selling 7,221 shares during the quarter. LKQ accounts for 0.7% of Coyle Financial Counsel LLC's portfolio, making the stock its 23rd largest position. Coyle Financial Counsel LLC's holdings in LKQ were worth $2,186,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. increased its stake in LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after purchasing an additional 500 shares during the period. Horizon Financial Services LLC purchased a new position in LKQ in the 1st quarter worth approximately $42,000. Bruce G. Allen Investments LLC increased its stake in LKQ by 299.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after purchasing an additional 851 shares during the period. Private Trust Co. NA increased its stake in shares of LKQ by 30.2% during the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after buying an additional 428 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of LKQ by 56.2% during the first quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock valued at $84,000 after buying an additional 709 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 1.6%

LKQ stock traded down $0.61 during midday trading on Friday, hitting $38.60. The stock had a trading volume of 2,159,449 shares, compared to its average volume of 2,314,296. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 14.40 and a beta of 0.95. The business has a 50-day moving average of $39.33 and a two-hundred day moving average of $39.56. LKQ Corporation has a 52-week low of $35.56 and a 52-week high of $46.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 0.56.

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

LKQ Dividend Announcement

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

Insider Buying and Selling at LKQ

In related news, CEO Justin L. Jude bought 2,708 shares of the company'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 completion of the acquisition, the chief executive officer owned 280,777 shares of the company's stock, valued at $10,385,941.23. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the sale, the director directly owned 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of several research analyst reports. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research note on Monday, April 21st. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

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.