LKQ Corporation (NASDAQ:LKQ) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 52.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 511,364 shares of the auto parts company's stock after buying an additional 175,284 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.20% of LKQ worth $21,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in LKQ by 1.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after purchasing an additional 286 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of LKQ in the first quarter worth about $321,000. Canton Hathaway LLC purchased a new position in LKQ in the 1st quarter worth about $255,000. Praxis Investment Management Inc. bought a new stake in LKQ during the 1st quarter valued at about $439,000. Finally, Osborne Partners Capital Management LLC lifted its holdings in LKQ by 1.2% during the 1st quarter. Osborne Partners Capital Management LLC now owns 267,021 shares of the auto parts company's stock valued at $11,359,000 after buying an additional 3,168 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Stock Up 0.4%

NASDAQ:LKQ traded up $0.13 during mid-day trading on Thursday, reaching $37.07. The company's stock had a trading volume of 1,743,532 shares, compared to its average volume of 2,306,322. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. LKQ Corporation has a 1 year low of $35.56 and a 1 year high of $46.64. The stock has a fifty day moving average of $39.57 and a 200-day moving average of $39.47. The firm has a market capitalization of $9.57 billion, a PE ratio of 13.83 and a beta of 0.98.

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, hitting 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 during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The company's revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.24%. LKQ's dividend payout ratio is currently 44.78%.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the firm's 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 in the company, valued at approximately $13,535,840.25. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the business's 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 transaction, the chief executive officer now owns 280,777 shares in the company, valued at approximately $10,385,941.23. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LKQ shares. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, LKQ currently has an average rating of "Moderate Buy" and a consensus target price of $52.60.

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.