Oppenheimer Asset Management Inc. Boosts Stock Position in LKQ Corporation (NASDAQ:LKQ)

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

Several other large investors have also recently added to or reduced their stakes in LKQ. UMB Bank n.a. increased its position 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 purchasing an additional 500 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of LKQ by 299.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after purchasing an additional 851 shares during the period. Allworth Financial LP increased its position in shares of LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares during the period. Parallel Advisors LLC increased its position in shares of LKQ by 56.2% in the first quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock worth $84,000 after purchasing an additional 709 shares during the period. Finally, Blue Trust Inc. increased its position in shares of LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock worth $105,000 after purchasing an additional 585 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Trading Up 0.8%

LKQ stock traded up $0.29 during mid-day trading on Tuesday, reaching $37.65. The company's stock had a trading volume of 2,163,413 shares, compared to its average volume of 2,300,273. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 14.05 and a beta of 0.98. The business's 50 day moving average price is $39.75 and its 200 day moving average price is $39.50. 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 Corporation has a 12 month low of $35.56 and a 12 month high of $46.64.

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. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The company's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. LKQ's dividend payout ratio is 44.78%.

Insider Activity

In related news, CEO Justin L. Jude bought 2,708 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the transaction, the chief executive officer now directly owns 280,777 shares in the company, valued at approximately $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the transaction, the director now directly owns 321,135 shares in the company, valued at approximately $13,535,840.25. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on LKQ shares. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Monday, April 21st. One 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, LKQ currently has an average rating of "Moderate Buy" and a consensus price target of $52.60.

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.