Legato Capital Management LLC Has $3.01 Million Position in LKQ Corporation (NASDAQ:LKQ)

Legato Capital Management LLC raised its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 12.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,797 shares of the auto parts company's stock after purchasing an additional 7,571 shares during the quarter. Legato Capital Management LLC's holdings in LKQ were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. boosted 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 acquiring an additional 500 shares in the last quarter. Horizon Financial Services LLC bought a new position in shares of LKQ in the first quarter valued at approximately $42,000. Bruce G. Allen Investments LLC boosted its holdings 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 acquiring an additional 851 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of LKQ by 70.9% in the first quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock valued at $73,000 after acquiring an additional 708 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of 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 acquiring an additional 428 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Price Performance

NASDAQ:LKQ traded up $0.44 during trading hours on Friday, reaching $32.17. 5,796,190 shares of the company's stock were exchanged, compared to its average volume of 2,624,824. The company has a market capitalization of $8.30 billion, a P/E ratio of 11.78 and a beta of 0.95. LKQ Corporation has a 12 month low of $30.06 and a 12 month high of $44.82. The company has a quick ratio of 0.56, a current ratio of 1.81 and a debt-to-equity ratio of 0.67. The business's 50-day simple moving average is $38.46 and its two-hundred day simple moving average is $39.53.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Sell-side analysts expect that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.73%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LKQ. Robert W. Baird decreased their price objective on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a report on Friday. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Tuesday. Finally, Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, LKQ currently has a consensus rating of "Moderate Buy" and an average target price of $51.40.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the sale, the director owned 316,135 shares in the company, valued at approximately $12,019,452.70. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.55% 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.