Free Trial

Patton Albertson Miller Group LLC Has $2.77 Million Stake in LKQ Corporation (NASDAQ:LKQ)

LKQ logo with Auto/Tires/Trucks background

Patton Albertson Miller Group LLC trimmed its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,139 shares of the auto parts company's stock after selling 40,271 shares during the period. Patton Albertson Miller Group LLC's holdings in LKQ were worth $2,771,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LKQ. Pzena Investment Management LLC bought a new stake in shares of LKQ during the 1st quarter valued at approximately $42,790,000. Verdence Capital Advisors LLC grew its holdings in shares of LKQ by 31.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 66,756 shares of the auto parts company's stock valued at $2,840,000 after purchasing an additional 15,917 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of LKQ by 2.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,737,765 shares of the auto parts company's stock valued at $73,925,000 after purchasing an additional 48,467 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of LKQ by 14.4% during the 1st quarter. Wealthfront Advisers LLC now owns 20,796 shares of the auto parts company's stock valued at $885,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of LKQ by 70.9% during the 1st quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 708 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LKQ has been the topic of several recent research reports. 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 reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, LKQ has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

Get Our Latest Stock Report on LKQ

Insider Activity

In other news, CEO Justin L. Jude acquired 2,708 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the purchase, the chief executive officer owned 280,777 shares in the company, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total value of $190,100.00. Following the transaction, the director owned 316,135 shares of the company's stock, valued at $12,019,452.70. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

LKQ Stock Up 0.3%

LKQ stock opened at $37.45 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm's fifty day moving average is $39.18 and its 200 day moving average is $39.56. LKQ Corporation has a 12-month low of $35.56 and a 12-month high of $46.64. The company has a market capitalization of $9.67 billion, a PE ratio of 13.97 and a beta of 0.95.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts predict that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders 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 dividend yield of 3.20%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 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.

Featured Articles

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Corporation (NASDAQ:LKQ - Free Report).

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in LKQ Right Now?

Before you consider LKQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LKQ wasn't on the list.

While LKQ currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines