New York State Teachers Retirement System Cuts Position in LKQ Corporation (NASDAQ:LKQ)

New York State Teachers Retirement System cut its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 7.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,445 shares of the auto parts company's stock after selling 12,302 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of LKQ worth $6,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Clarkston Capital Partners LLC acquired a new position in shares of LKQ in the 4th quarter valued at about $91,678,000. Janney Montgomery Scott LLC acquired a new position in shares of LKQ in the 1st quarter valued at about $321,000. Aquatic Capital Management LLC lifted its stake in shares of LKQ by 53.2% in the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock valued at $709,000 after purchasing an additional 6,698 shares during the period. Amalgamated Bank lifted its stake in shares of LKQ by 1.6% in the 1st quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock valued at $2,163,000 after purchasing an additional 801 shares during the period. Finally, Islay Capital Management LLC acquired a new position in shares of LKQ in the 4th quarter valued at about $559,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total transaction of $190,100.00. Following the completion of the sale, the director directly owned 316,135 shares of the company's stock, valued at approximately $12,019,452.70. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the firm's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $36.99 per share, with a total value of $100,168.92. Following the completion of the acquisition, the chief executive officer directly owned 280,777 shares in the company, valued at approximately $10,385,941.23. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LKQ. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.60.

LKQ Stock Up 1.0%

LKQ stock traded up $0.39 during midday trading on Tuesday, reaching $38.64. The stock had a trading volume of 426,983 shares, compared to its average volume of 2,297,088. LKQ Corporation has a 12 month low of $35.56 and a 12 month high of $46.64. The company has a market capitalization of $9.97 billion, a P/E ratio of 14.42 and a beta of 0.95. The company has a fifty day moving average price of $39.29 and a two-hundred day moving average price of $39.52. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, equities analysts expect that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

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