LKQ Corporation (NASDAQ:LKQ) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 23.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,581 shares of the auto parts company's stock after acquiring an additional 11,506 shares during the period. Nisa Investment Advisors LLC's holdings in LKQ were worth $2,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LKQ. Fuller & Thaler Asset Management Inc. bought a new position in shares of LKQ in the 4th quarter valued at about $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in LKQ in the 4th quarter worth about $160,339,000. Norges Bank purchased a new stake in LKQ in the 4th quarter worth about $119,395,000. Clarkston Capital Partners LLC purchased a new stake in LKQ in the 4th quarter worth about $91,678,000. Finally, Eminence Capital LP purchased a new stake in LKQ in the 4th quarter worth about $68,944,000. Institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.60.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm'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 directly owned 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the purchase, the chief executive officer owned 280,777 shares of the company's stock, valued at $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.55% of the company's stock.

LKQ Trading Down 1.6%

Shares of NASDAQ:LKQ traded down $0.61 during trading on Friday, reaching $38.60. 2,159,449 shares of the company were exchanged, compared to its average volume of 2,314,296. The firm has a market capitalization of $9.96 billion, a PE ratio of 14.40 and a beta of 0.95. The business's fifty day simple moving average is $39.33 and its 200-day simple moving average is $39.56. LKQ Corporation has a 12-month low of $35.56 and a 12-month high of $46.64. 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 (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. LKQ had a net margin of 4.97% and a return on equity of 14.66%. LKQ's revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, research analysts anticipate that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.11%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 44.78%.

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.