LKQ Corporation (NASDAQ:LKQ) Stock Holdings Lessened by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,411 shares of the auto parts company's stock after selling 79,309 shares during the period. LKQ accounts for 2.8% of Hunter Perkins Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Hunter Perkins Capital Management LLC owned 0.11% of LKQ worth $12,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of LKQ by 104.8% in the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 500 shares during the period. Bruce G. Allen Investments LLC increased its stake in LKQ by 299.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after buying an additional 851 shares during the period. Parallel Advisors LLC raised its position in LKQ by 56.2% during the 1st quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock worth $84,000 after buying an additional 709 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of LKQ by 71.3% in the 4th quarter. Bessemer Group Inc. now owns 3,116 shares of the auto parts company's stock worth $114,000 after acquiring an additional 1,297 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of LKQ in the fourth quarter valued at about $141,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the sale, the director now owns 321,135 shares of the company's stock, valued at $13,535,840.25. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Justin L. Jude acquired 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $36.99 per share, with a total value of $100,168.92. Following the completion of the purchase, the chief executive officer now owns 280,777 shares in the company, valued at approximately $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by insiders.

LKQ Price Performance

Shares of NASDAQ:LKQ traded down $0.08 on Monday, reaching $37.04. 905,144 shares of the company were exchanged, compared to its average volume of 2,308,833. The company has a 50-day moving average of $39.47 and a 200-day moving average of $39.47. 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 firm has a market cap of $9.56 billion, a price-to-earnings ratio of 13.82 and a beta of 0.98. LKQ Corporation has a 1-year low of $35.56 and a 1-year 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 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 analyst estimates of $3.58 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. Equities analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.24%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is currently 44.78%.

Analysts Set New Price Targets

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

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.