LKQ Co. (NASDAQ:LKQ) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 914,932 shares of the auto parts company's stock after acquiring an additional 15,859 shares during the quarter. Millennium Management LLC owned about 0.35% of LKQ worth $33,624,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cromwell Holdings LLC boosted its holdings in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after acquiring an additional 1,440 shares during the period. Allworth Financial LP boosted its position in shares of LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after acquiring an additional 1,089 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after purchasing an additional 585 shares during the period. Finally, Spire Wealth Management increased its position in LKQ by 92.5% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the transaction, the director now owns 336,135 shares in the company, valued at approximately $14,225,233.20. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Justin L. Jude bought 2,708 shares of LKQ stock in a transaction 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 completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 35,000 shares of company stock valued at $1,457,150. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research note on Monday, April 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.60.

LKQ Trading Up 0.3%

Shares of LKQ stock traded up $0.13 on Thursday, reaching $40.51. The company had a trading volume of 2,012,001 shares, compared to its average volume of 2,275,356. The firm's 50 day moving average price is $40.84 and its two-hundred day moving average price is $39.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $46.64. The firm has a market cap of $10.46 billion, a PE ratio of 15.46 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its 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. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. LKQ's dividend payout ratio is presently 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.