Perpetual Ltd Boosts Stake in LKQ Corporation (NASDAQ:LKQ)

Perpetual Ltd increased its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,038 shares of the auto parts company's stock after buying an additional 83,713 shares during the period. Perpetual Ltd owned about 0.11% of LKQ worth $12,338,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $160,339,000. Norges Bank purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $119,395,000. Clarkston Capital Partners LLC purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $91,678,000. Finally, Eminence Capital LP purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $68,944,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Performance

NASDAQ:LKQ traded up $0.05 during trading hours on Friday, reaching $37.12. 3,092,339 shares of the company's stock were exchanged, compared to its average volume of 2,311,951. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 13.85 and a beta of 0.98. The company has a 50-day moving average of $39.47 and a 200 day moving average of $39.46. 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.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting 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%. LKQ's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Research analysts anticipate 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. Shareholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. LKQ's payout ratio is currently 44.78%.

Analyst Ratings Changes

LKQ has been the subject of several research analyst reports. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Monday, April 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.60.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 15,000 shares of the 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 completion of the transaction, the director now owns 321,135 shares in the company, valued at $13,535,840.25. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Justin L. Jude purchased 2,708 shares of the business's stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the acquisition, 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 disclosure for this purchase can be found here. 0.55% of the stock is owned by 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.