Dynamic Advisor Solutions LLC Purchases Shares of 15,913 LKQ Corporation (NASDAQ:LKQ)

Dynamic Advisor Solutions LLC acquired a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,913 shares of the auto parts company's stock, valued at approximately $677,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LKQ. Fuller & Thaler Asset Management Inc. purchased a new stake in LKQ in the 4th quarter worth about $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in shares of LKQ in the fourth quarter worth approximately $160,339,000. Norges Bank bought a new stake in shares of LKQ during the 4th quarter worth approximately $119,395,000. Clarkston Capital Partners LLC purchased a new position in LKQ during the 4th quarter valued at $91,678,000. Finally, Eminence Capital LP bought a new position in LKQ in the 4th quarter valued at $68,944,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Stock Down 0.8%

Shares of LKQ stock traded down $0.29 during trading on Thursday, hitting $36.86. 2,441,125 shares of the stock traded hands, compared to its average volume of 2,292,739. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62. The stock's fifty day simple moving average is $40.11 and its 200 day simple moving average is $39.56. The firm has a market cap of $9.52 billion, a P/E ratio of 13.75 and a beta of 0.98. LKQ Corporation has a 52-week low of $35.56 and a 52-week high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results 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 net margin of 4.97% and a return on equity of 14.66%. The company had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict 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 dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. LKQ's dividend payout ratio is currently 44.78%.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total transaction of $632,250.00. Following the completion of the sale, the director now directly owns 321,135 shares of the company's stock, valued at approximately $13,535,840.25. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Justin L. Jude purchased 2,708 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 280,777 shares in the company, valued at approximately $10,385,941.23. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research analyst reports. 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. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.