Isthmus Partners LLC Has $12.52 Million Stock Holdings in LKQ Corporation (NASDAQ:LKQ)

Isthmus Partners LLC raised its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 25.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,199 shares of the auto parts company's stock after buying an additional 60,290 shares during the period. LKQ comprises approximately 1.6% of Isthmus Partners LLC's investment portfolio, making the stock its 24th biggest holding. Isthmus Partners LLC owned approximately 0.11% of LKQ worth $12,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LKQ. UMB Bank n.a. raised its stake 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 buying an additional 500 shares during the period. Horizon Financial Services LLC bought a new stake in LKQ in the first quarter valued at approximately $42,000. Bruce G. Allen Investments LLC raised its stake in LKQ by 299.6% in the first 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. Private Trust Co. NA raised its stake in LKQ by 30.2% in the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after buying an additional 428 shares during the period. Finally, Parallel Advisors LLC raised its stake in LKQ by 56.2% in the first quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock valued at $84,000 after buying an additional 709 shares during the period. Institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total transaction of $190,100.00. Following the sale, the director owned 316,135 shares of the company's stock, valued at $12,019,452.70. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Justin L. Jude purchased 2,708 shares of LKQ stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost 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 represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.55% of the company's stock.

LKQ Stock Performance

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

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. Analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Thursday, May 15th. 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.