Mn Services Vermogensbeheer B.V. cut its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its stake in LKQ by 1.0% in the 4th quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock worth $1,257,000 after purchasing an additional 331 shares in the last quarter. Cromwell Holdings LLC grew its position in 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. MetLife Investment Management LLC grew its position in LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after purchasing an additional 352 shares during the last quarter. United Capital Financial Advisors LLC grew its position in LKQ by 6.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock worth $237,000 after purchasing an additional 382 shares during the last quarter. Finally, Wahed Invest LLC grew its position in LKQ by 6.4% during the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock worth $249,000 after purchasing an additional 405 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Wall Street Zen downgraded 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 set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.
Check Out Our Latest Research Report on LKQ
Insiders Place Their Bets
In related news, CEO Justin L. Jude acquired 2,708 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the acquisition, the chief executive officer now owns 280,777 shares in the company, valued at $10,385,941.23. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dominick P. Zarcone sold 15,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 321,135 shares in the company, valued at approximately $13,535,840.25. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.
LKQ Price Performance
Shares of NASDAQ:LKQ traded up $0.27 during midday trading on Friday, hitting $37.13. The company's stock had a trading volume of 4,109,029 shares, compared to its average volume of 2,298,360. The business's 50 day simple moving average is $39.93 and its 200 day simple moving average is $39.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.56 and a current ratio of 1.52. The company has a market cap of $9.59 billion, a P/E ratio of 13.85 and a beta of 0.98. LKQ Corporation has a 12-month low of $35.56 and a 12-month high of $46.64.
LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly 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 4.97% and a return on equity of 14.66%. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The company's revenue was down 6.5% compared to the same quarter last year. On average, analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.
LKQ Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, May 15th. LKQ's dividend payout ratio (DPR) is presently 44.78%.
About LKQ
(
Free Report)
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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