Deroy & Devereaux Private Investment Counsel Inc. Raises Stock Position in LKQ Corporation (NASDAQ:LKQ)

Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 37.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780,580 shares of the auto parts company's stock after acquiring an additional 212,200 shares during the period. LKQ comprises about 1.9% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 13th largest position. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.30% of LKQ worth $33,206,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on LKQ. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.60.

Insider Activity

In related news, CEO Justin L. Jude acquired 2,708 shares of the stock in a transaction on Friday, April 25th. The shares were acquired at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

LKQ Stock Performance

Shares of LKQ stock opened at $38.48 on Friday. The business has a fifty day moving average of $39.25 and a 200 day moving average of $39.45. LKQ Corporation has a 1 year low of $35.56 and a 1 year 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. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 14.36 and a beta of 0.95.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same period last year, the business posted $0.82 earnings per share. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current 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 issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.12%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.

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