Mn Services Vermogensbeheer B.V. Sells 10,400 Shares of LKQ Corporation (NASDAQ:LKQ)

Mn Services Vermogensbeheer B.V. decreased its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,147 shares of the auto parts company's stock after selling 10,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in LKQ were worth $4,048,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently weighed in on LKQ. 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 report on Friday, February 21st. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Monday, April 21st. Finally, Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Price Performance

NASDAQ LKQ opened at $37.15 on Wednesday. The company has a market cap of $9.59 billion, a PE ratio of 13.86 and a beta of 0.98. LKQ Corporation has a 52 week low of $35.56 and a 52 week high of $46.64. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm's 50-day simple moving average is $40.21 and its two-hundred day simple moving average is $39.58.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The company's revenue was down 6.5% compared to the same quarter last year. Research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

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

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the sale, the director now directly owns 321,135 shares of the company's stock, valued at approximately $13,535,840.25. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Justin L. Jude purchased 2,708 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost 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 of the company's stock, 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 0.47% 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.

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