LKQ Corporation (NASDAQ:LKQ) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 722,183 shares of the auto parts company's stock after selling 110,832 shares during the period. Ninety One UK Ltd owned 0.28% of LKQ worth $30,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of LKQ by 104.8% in the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after buying an additional 500 shares during the last quarter. Horizon Financial Services LLC acquired a new stake in LKQ during the first quarter valued at $42,000. Bruce G. Allen Investments LLC grew its position in LKQ by 299.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after buying an additional 851 shares during the period. Private Trust Co. NA grew its position in LKQ by 30.2% during the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after buying an additional 428 shares during the period. Finally, Parallel Advisors LLC grew its position in LKQ by 56.2% during the first quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock valued at $84,000 after buying an additional 709 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of several 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 target 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.60.

LKQ Trading Up 1.5%

LKQ stock traded up $0.59 during trading on Thursday, reaching $39.44. 483,831 shares of the stock were exchanged, compared to its average volume of 2,297,602. LKQ Corporation has a 1 year low of $35.56 and a 1 year high of $46.64. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 14.73 and a beta of 0.95. The business has a 50 day moving average price of $39.32 and a 200-day moving average price of $39.51. 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 announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, research analysts predict that LKQ Corporation will post 3.57 earnings per share 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, May 15th. LKQ's dividend payout ratio (DPR) is currently 44.78%.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction 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 owned 316,135 shares in the company, valued at $12,019,452.70. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $36.99 per share, with a total value of $100,168.92. Following the transaction, the chief executive officer owned 280,777 shares in the company, valued at $10,385,941.23. The trade was 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.

LKQ Company 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.