Ninety One UK Ltd Sells 110,832 Shares of LKQ Corporation (NASDAQ:LKQ)

Ninety One UK Ltd trimmed its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 722,183 shares of the auto parts company's stock after selling 110,832 shares during the quarter. Ninety One UK Ltd owned 0.28% of LKQ worth $30,722,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in LKQ by 18.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,034,077 shares of the auto parts company's stock valued at $43,990,000 after purchasing an additional 162,274 shares during the last quarter. Bank of New York Mellon Corp increased its stake in LKQ by 48.7% in the first quarter. Bank of New York Mellon Corp now owns 2,172,272 shares of the auto parts company's stock valued at $92,408,000 after purchasing an additional 711,077 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in LKQ by 37.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 780,580 shares of the auto parts company's stock valued at $33,206,000 after purchasing an additional 212,200 shares during the period. IFM Investors Pty Ltd increased its stake in shares of LKQ by 4.0% during the first quarter. IFM Investors Pty Ltd now owns 91,386 shares of the auto parts company's stock worth $3,648,000 after acquiring an additional 3,504 shares during the period. Finally, OneDigital Investment Advisors LLC grew its position in LKQ by 10.9% during the first quarter. OneDigital Investment Advisors LLC now owns 23,091 shares of the auto parts company's stock worth $982,000 after buying an additional 2,265 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Up 0.6%

NASDAQ LKQ traded up $0.25 during trading on Wednesday, reaching $38.85. The company's stock had a trading volume of 1,700,530 shares, compared to its average volume of 2,300,863. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $10.03 billion, a PE ratio of 14.50 and a beta of 0.95. The business has a 50-day moving average price of $39.31 and a 200-day moving average price of $39.51. LKQ Corporation has a 1-year low of $35.56 and a 1-year high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, meeting the consensus estimate 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 period in the prior year, the company earned $0.82 EPS. On average, research analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 44.78%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LKQ shares. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Monday, April 21st. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.60.

Insider Activity

In other news, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $36.99 per share, with a total value of $100,168.92. Following the acquisition, the chief executive officer owned 280,777 shares in the company, valued at $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total transaction of $190,100.00. Following the sale, the director directly owned 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

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.