LKQ Corporation (NASDAQ:LKQ) Position Boosted by Private Management Group Inc.

Key Points

• Private Management Group Inc. increased its stake in LKQ Corporation by 12.9%, acquiring an additional 113,740 shares, raising its total holdings to 995,065 shares valued at approximately $42.33 million.
• LKQ recently reported a quarterly earnings miss with earnings per share at $0.87, below the consensus estimate of $0.93, while experiencing a 1.6% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.30 per share, which will be paid on August 28th, representing an annualized yield of 3.78% and a payout ratio of 44.78%.

Private Management Group Inc. boosted its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 12.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 995,065 shares of the auto parts company's stock after acquiring an additional 113,740 shares during the period. LKQ accounts for 1.5% of Private Management Group Inc.'s investment portfolio, making the stock its 8th largest holding. Private Management Group Inc. owned about 0.39% of LKQ worth $42,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in shares of LKQ during the 4th quarter worth approximately $3,117,000. LPL Financial LLC boosted its holdings in shares of LKQ by 10.4% during the 4th quarter. LPL Financial LLC now owns 126,729 shares of the auto parts company's stock worth $4,657,000 after buying an additional 11,975 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of LKQ by 21.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 440,244 shares of the auto parts company's stock worth $16,109,000 after buying an additional 76,692 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of LKQ by 4.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,380,086 shares of the auto parts company's stock worth $50,718,000 after buying an additional 64,639 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of LKQ during the 4th quarter worth approximately $5,812,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

LKQ traded down $0.77 during trading hours on Tuesday, hitting $30.72. The stock had a trading volume of 1,302,411 shares, compared to its average volume of 2,505,491. The company's fifty day simple moving average is $38.25 and its 200 day simple moving average is $39.54. LKQ Corporation has a 1 year low of $30.06 and a 1 year high of $44.82. The stock has a market cap of $7.93 billion, a PE ratio of 11.24 and a beta of 0.95. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%. The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. During the same period last year, the business posted $0.98 EPS. The company's revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.91%. LKQ's dividend payout ratio (DPR) is presently 43.96%.

Insider Activity

In related news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 316,135 shares in the company, valued at $12,019,452.70. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in 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 Tuesday, July 22nd. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird lowered their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.40.

About LKQ

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.