Fulton Bank N.A. Increases Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Fulton Bank N.A. increased its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,533 shares of the auto parts company's stock after buying an additional 13,797 shares during the period. Fulton Bank N.A.'s holdings in LKQ were worth $3,383,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

LKQ Price Performance

Shares of NASDAQ LKQ traded down $0.45 during midday trading on Wednesday, hitting $39.92. 2,148,739 shares of the company's stock were exchanged, compared to its average volume of 2,283,067. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $46.64. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. The business's fifty day moving average price is $40.67 and its two-hundred day moving average price is $39.55.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. LKQ's revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. As a group, research analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Thursday, May 15th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Insider Activity

In related news, Director Dominick P. Zarcone sold 15,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the sale, the director now owns 321,135 shares of the company's stock, valued at $13,535,840.25. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Justin L. Jude purchased 2,708 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer now directly owns 280,777 shares of the company's stock, valued at $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.55% of the company's stock.

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.