Manning & Napier Advisors LLC Has $763,000 Holdings in LKQ Corporation (NASDAQ:LKQ)

Manning & Napier Advisors LLC reduced its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 54.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,934 shares of the auto parts company's stock after selling 21,179 shares during the quarter. Manning & Napier Advisors LLC's holdings in LKQ were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in 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 valued at $241,643,000 after acquiring an additional 48,813 shares in the last quarter. Invesco Ltd. raised its stake in LKQ by 26.6% during 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 during the period. Dimensional Fund Advisors LP increased its holdings in shares of LKQ by 25.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock worth $192,268,000 after acquiring an additional 1,053,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in LKQ during the 4th quarter worth approximately $165,548,000. Finally, EdgePoint Investment Group Inc. bought a new stake in shares of LKQ during the fourth quarter worth $160,339,000. 95.63% of the stock is owned by institutional investors.

LKQ Stock Up 0.1%

LKQ stock traded up $0.05 during midday trading on Friday, hitting $37.12. The company's stock had a trading volume of 3,089,402 shares, compared to its average volume of 2,309,453. The company's fifty day moving average price is $39.57 and its 200 day moving average price is $39.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 0.56. LKQ Corporation has a twelve month low of $35.56 and a twelve month high of $46.64. The stock has a market capitalization of $9.58 billion, a P/E ratio of 13.85 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) 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 business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. LKQ's quarterly revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, May 15th. LKQ's dividend payout ratio is currently 44.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LKQ. Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $52.60.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Justin L. Jude purchased 2,708 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the purchase, the chief executive officer now owns 280,777 shares in the company, valued at approximately $10,385,941.23. The trade was a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total transaction of $632,250.00. Following the transaction, the director now directly owns 321,135 shares of the company's stock, valued at approximately $13,535,840.25. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

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.