Illinois Municipal Retirement Fund Has $9.02 Million Stock Position in LKQ Corporation (NASDAQ:LKQ)

Illinois Municipal Retirement Fund cut its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 20.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,941 shares of the auto parts company's stock after selling 56,090 shares during the period. Illinois Municipal Retirement Fund owned 0.08% of LKQ worth $9,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in 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 last quarter. Bruce G. Allen Investments LLC grew its position in shares of LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after buying an additional 851 shares during the period. Parallel Advisors LLC increased its stake in shares of LKQ by 56.2% in the 1st quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock valued at $84,000 after acquiring an additional 709 shares during the last quarter. Bessemer Group Inc. raised its position 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 valued at $114,000 after acquiring an additional 1,297 shares during the period. Finally, Mufg Securities Americas Inc. bought a new position in LKQ during the 4th quarter worth approximately $141,000. Institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

LKQ has been the subject of several recent analyst reports. Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report 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. Based on data from MarketBeat, LKQ currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Stock Performance

LKQ traded down $0.11 on Monday, reaching $37.01. The company had a trading volume of 1,624,616 shares, compared to its average volume of 2,308,837. The stock has a market cap of $9.55 billion, a P/E ratio of 13.81 and a beta of 0.98. 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 Corporation has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The company's fifty day moving average is $39.38 and its 200 day moving average is $39.46.

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, meeting analysts' consensus estimates of $0.79. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The firm 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 firm posted $0.82 EPS. The company's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts predict that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

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

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 15,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total transaction of $632,250.00. Following the completion of the sale, the director directly owned 321,135 shares in the company, valued at approximately $13,535,840.25. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Justin L. Jude purchased 2,708 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer directly owned 280,777 shares of the company's stock, valued at $10,385,941.23. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.47% 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.