Quantinno Capital Management LP Increases Position in LKQ Co. (NASDAQ:LKQ)

Quantinno Capital Management LP lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 65.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,473 shares of the auto parts company's stock after purchasing an additional 8,062 shares during the period. Quantinno Capital Management LP's holdings in LKQ were worth $752,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Cromwell Holdings LLC grew its stake in LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares during the period. CENTRAL TRUST Co grew its stake in LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after acquiring an additional 1,440 shares during the period. Allworth Financial LP grew its stake in LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after acquiring an additional 1,089 shares during the period. Blue Trust Inc. grew its stake in LKQ by 25.9% in the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock worth $105,000 after acquiring an additional 585 shares during the period. Finally, Spire Wealth Management grew its stake in LKQ by 92.5% in the 4th quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company's stock worth $106,000 after acquiring an additional 1,389 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was 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 of the company's stock, valued at $13,535,840.25. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Justin L. Jude bought 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the transaction, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 35,000 shares of company stock valued at $1,457,150 over the last three months. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, LKQ currently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

LKQ Trading Down 0.8%

Shares of LKQ traded down $0.32 during trading hours on Thursday, hitting $39.92. The stock had a trading volume of 214,990 shares, compared to its average volume of 2,270,943. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The firm has a market cap of $10.30 billion, a P/E ratio of 15.25 and a beta of 0.98. The company's fifty day simple moving average is $40.73 and its 200 day simple moving average is $39.50. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its 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. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business's quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.