Olstein Capital Management L.P. Has $11.10 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Olstein Capital Management L.P. lowered its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 10.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,000 shares of the auto parts company's stock after selling 29,000 shares during the period. LKQ makes up 2.0% of Olstein Capital Management L.P.'s holdings, making the stock its 2nd largest position. Olstein Capital Management L.P. owned approximately 0.10% of LKQ worth $11,103,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock worth $241,643,000 after buying an additional 48,813 shares in the last quarter. Invesco Ltd. raised its stake in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after buying an additional 1,171,481 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock worth $192,268,000 after buying an additional 1,053,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of LKQ in the 4th quarter worth $165,548,000. Finally, EdgePoint Investment Group Inc. bought a new stake in shares of LKQ in the 4th quarter worth $160,339,000. Institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LKQ. JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Finally, Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the company's stock in a transaction dated 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 now owns 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 dated Friday, April 25th. The shares were bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer now owns 280,777 shares in the company, valued at $10,385,941.23. This 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.

LKQ Stock Down 1.0%

NASDAQ:LKQ traded down $0.38 during trading hours on Wednesday, hitting $39.38. 1,571,123 shares of the company's stock traded hands, compared to its average volume of 2,299,662. The firm has a market cap of $10.17 billion, a P/E ratio of 15.03 and a beta of 0.98. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The stock's fifty day moving average price is $40.32 and its two-hundred day moving average price is $39.61.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. LKQ's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. LKQ's dividend payout ratio (DPR) 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.