Dynamic Advisor Solutions LLC Purchases New Holdings in LKQ Corporation (NASDAQ:LKQ)

Dynamic Advisor Solutions LLC purchased a new position in LKQ Corporation (NASDAQ:LKQ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,913 shares of the auto parts company's stock, valued at approximately $677,000.

A number of other institutional investors also recently made changes to their positions in the stock. Bank of Nova Scotia increased its stake in LKQ by 1.0% in the fourth quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock valued at $1,257,000 after purchasing an additional 331 shares during the last quarter. Cromwell Holdings LLC increased its stake in LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. MetLife Investment Management LLC increased its stake in LKQ by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock valued at $2,528,000 after purchasing an additional 352 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in LKQ by 6.3% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 382 shares during the last quarter. Finally, Wahed Invest LLC increased its stake in LKQ by 6.4% in the fourth quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 405 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the purchase, the chief executive officer now owns 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 transaction 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 stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the transaction, the director now directly owns 316,135 shares of the company's stock, valued at $12,019,452.70. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

LKQ Trading Up 0.7%

NASDAQ:LKQ traded up $0.27 on Friday, hitting $37.13. 4,109,029 shares of the stock were exchanged, compared to its average volume of 2,298,360. The stock has a market cap of $9.59 billion, a PE ratio of 13.85 and a beta of 0.98. 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 has a fifty day moving average of $39.93 and a 200-day moving average of $39.52. LKQ Corporation has a fifty-two week low of $35.56 and a fifty-two week high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 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 company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm's revenue was down 6.5% on a year-over-year basis. As a group, equities analysts expect 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. Stockholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. LKQ's dividend payout ratio (DPR) is currently 44.78%.

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.