Hunter Perkins Capital Management LLC Has $12.01 Million Stock Holdings in LKQ Corporation (NASDAQ:LKQ)

Hunter Perkins Capital Management LLC lessened its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,411 shares of the auto parts company's stock after selling 79,309 shares during the period. LKQ comprises 2.8% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 7th largest position. Hunter Perkins Capital Management LLC owned 0.11% of LKQ worth $12,014,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LKQ. Ieq Capital LLC boosted its stake in LKQ by 115.6% during the 4th quarter. Ieq Capital LLC now owns 13,595 shares of the auto parts company's stock valued at $500,000 after purchasing an additional 7,288 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of LKQ by 5.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,586 shares of the auto parts company's stock valued at $2,006,000 after buying an additional 2,700 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of LKQ by 0.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 65,452 shares of the auto parts company's stock worth $2,405,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC bought a new position in LKQ in the 4th quarter worth approximately $556,000. Finally, US Bancorp DE raised its stake in LKQ by 33.6% during the 4th quarter. US Bancorp DE now owns 30,255 shares of the auto parts company's stock valued at $1,112,000 after acquiring an additional 7,611 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Trading Up 0.4%

Shares of LKQ opened at $37.07 on Friday. The stock's 50-day moving average price is $39.57 and its 200 day moving average price is $39.47. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. LKQ Corporation has a 12-month low of $35.56 and a 12-month high of $46.64. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 13.83 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The business's revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. As a group, research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, May 15th. LKQ's payout ratio is presently 44.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LKQ shares. Barrington Research restated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Wall Street Zen downgraded 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 assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

Insider Activity

In other news, Director Dominick P. Zarcone sold 15,000 shares of the firm's stock in a transaction that occurred 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Justin L. Jude purchased 2,708 shares of LKQ stock in a transaction that occurred on Friday, April 25th. The stock was purchased 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 now directly owns 280,777 shares in the company, 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. 0.55% of the stock is currently owned by company insiders.

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.

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