Leeward Investments LLC MA Raises Position in LKQ Corporation (NASDAQ:LKQ)

Leeward Investments LLC MA boosted its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 13.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,868 shares of the auto parts company's stock after acquiring an additional 32,247 shares during the quarter. Leeward Investments LLC MA owned 0.11% of LKQ worth $11,863,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after purchasing an additional 500 shares during the last quarter. Horizon Financial Services LLC acquired a new stake in LKQ in the 1st quarter valued at $42,000. Bruce G. Allen Investments LLC boosted 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 in the last quarter. Private Trust Co. NA boosted its stake in LKQ by 30.2% in the 1st 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 in the last quarter. Finally, Parallel Advisors LLC boosted 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 worth $84,000 after purchasing an additional 709 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LKQ has been the topic of a number of recent analyst reports. 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 target on shares of LKQ in a report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $52.60.

Insiders Place Their Bets

In other LKQ news, CEO Justin L. Jude acquired 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $36.99 per share, with a total value of $100,168.92. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the company's 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 transaction, the director directly owned 316,135 shares in the company, valued at approximately $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

LKQ Stock Performance

NASDAQ:LKQ traded down $0.43 during mid-day trading on Monday, hitting $38.25. 1,745,635 shares of the stock were exchanged, compared to its average volume of 2,304,464. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 14.27 and a beta of 0.95. The firm's 50-day simple moving average is $39.27 and its 200 day simple moving average is $39.51. 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.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share 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 firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same period in the previous year, the firm earned $0.82 EPS. The company's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that LKQ Corporation will post 3.57 EPS 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 given 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 3.14%. 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.