Wedge Capital Management L L P NC Has $8.19 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Wedge Capital Management L L P NC decreased its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 24.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,408 shares of the auto parts company's stock after selling 61,022 shares during the quarter. Wedge Capital Management L L P NC owned 0.07% of LKQ worth $8,185,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Spire Wealth Management increased its position in shares of LKQ by 92.5% during the 4th quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company's stock worth $106,000 after purchasing an additional 1,389 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of LKQ by 2.2% during the 4th quarter. Yousif Capital Management LLC now owns 38,955 shares of the auto parts company's stock worth $1,432,000 after purchasing an additional 826 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of LKQ by 28.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,574 shares of the auto parts company's stock worth $1,162,000 after purchasing an additional 7,041 shares in the last quarter. Choreo LLC increased its position in shares of LKQ by 49.3% during the 4th quarter. Choreo LLC now owns 36,189 shares of the auto parts company's stock worth $1,318,000 after purchasing an additional 11,951 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of LKQ by 37.2% during the 4th quarter. Thompson Investment Management Inc. now owns 274,731 shares of the auto parts company's stock worth $10,096,000 after purchasing an additional 74,553 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Trading Down 1.0%

Shares of NASDAQ LKQ traded down $0.38 during mid-day trading on Wednesday, hitting $39.38. The company's stock had a trading volume of 1,571,123 shares, compared to its average volume of 2,299,659. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 15.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a one year low of $35.56 and a one year high of $46.64. The company's fifty day simple moving average is $40.32 and its 200-day simple moving average is $39.61.

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

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. LKQ's dividend payout ratio is 44.78%.

Analysts Set New Price Targets

LKQ has been the topic of a number of research analyst reports. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total transaction of $632,250.00. Following the sale, the director now directly owns 321,135 shares in the company, valued at approximately $13,535,840.25. This trade represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Justin L. Jude bought 2,708 shares of the company's stock in a transaction on Friday, April 25th. The shares were bought at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the acquisition, the chief executive officer now directly owns 280,777 shares in the company, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by corporate insiders.

LKQ Company 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.