LKQ Corporation (NASDAQ:LKQ) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 18.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,034,077 shares of the auto parts company's stock after purchasing an additional 162,274 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.40% of LKQ worth $43,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after acquiring an additional 48,813 shares during the last quarter. Invesco Ltd. increased its holdings in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock valued at $204,739,000 after acquiring an additional 1,171,481 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock valued at $192,268,000 after acquiring an additional 1,053,001 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of LKQ in the 4th quarter valued at approximately $165,548,000. Finally, EdgePoint Investment Group Inc. bought a new stake in shares of LKQ in the 4th quarter valued at approximately $160,339,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Justin L. Jude bought 2,708 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the purchase, the chief executive officer directly owned 280,777 shares of the company's stock, valued at $10,385,941.23. This represents a 0.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dominick P. Zarcone sold 5,000 shares of the firm's 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 transaction, the director directly owned 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. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Monday, April 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.60.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded down $0.61 on Friday, hitting $38.60. The company's stock had a trading volume of 2,159,449 shares, compared to its average volume of 2,314,296. LKQ Corporation has a 12 month low of $35.56 and a 12 month high of $46.64. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 14.40 and a beta of 0.95. The stock's 50-day moving average is $39.33 and its two-hundred day moving average is $39.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.56 and a current ratio of 1.52.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly 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 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 analysts' expectations of $3.58 billion. During the same quarter in the prior 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. On average, equities research analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.11%. LKQ's dividend payout ratio is currently 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.