7,554 Shares in LKQ Corporation (NASDAQ:LKQ) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,554 shares of the auto parts company's stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. increased its position 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 buying an additional 500 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in shares of 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 in the last quarter. Parallel Advisors LLC increased its position in shares of 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 in the last quarter. Bessemer Group Inc. increased its position in shares of LKQ by 71.3% in the fourth quarter. Bessemer Group Inc. now owns 3,116 shares of the auto parts company's stock valued at $114,000 after buying an additional 1,297 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new position in shares of LKQ in the fourth quarter valued at $141,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LKQ. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research restated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, LKQ currently has an average rating of "Moderate Buy" and an average target price of $52.60.

LKQ Stock Down 0.2%

Shares of NASDAQ:LKQ traded down $0.09 during mid-day trading on Friday, hitting $38.48. 1,123,670 shares of the company traded hands, compared to its average volume of 2,306,709. The firm has a market cap of $9.93 billion, a P/E ratio of 14.36 and a beta of 0.95. 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 52-week low of $35.56 and a 52-week high of $46.64. The firm's 50 day simple moving average is $39.27 and its 200 day simple moving average is $39.48.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share 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 during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm earned $0.82 EPS. LKQ's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that LKQ Corporation will post 3.57 EPS for the current 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 paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Insider Buying and Selling

In other news, CEO Justin L. Jude bought 2,708 shares of the firm's stock in a transaction dated 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 owned 280,777 shares in the company, valued at $10,385,941.23. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the transaction, the director owned 316,135 shares of the company's stock, valued at approximately $12,019,452.70. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

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.