Redwood Wealth Management Group LLC Acquires New Position in LKQ Corporation (NASDAQ:LKQ)

Redwood Wealth Management Group LLC bought a new position in LKQ Corporation (NASDAQ:LKQ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,839 shares of the auto parts company's stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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. UMB Bank n.a. boosted its holdings in shares of LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 500 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of LKQ by 299.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 851 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of LKQ by 56.2% in the 1st quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock valued at $84,000 after purchasing an additional 709 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Up 0.7%

LKQ stock traded up $0.27 during trading on Friday, reaching $37.13. The stock had a trading volume of 4,109,029 shares, compared to its average volume of 2,304,214. LKQ Corporation has a 1-year low of $35.56 and a 1-year high of $46.64. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $9.59 billion, a P/E ratio of 13.85 and a beta of 0.98. The firm has a fifty day moving average price of $39.93 and a 200 day moving average price of $39.52.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $3.58 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The firm's revenue was down 6.5% compared to the same quarter last year. On average, equities analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is currently 44.78%.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the sale, the director now owns 316,135 shares of the company's stock, valued at approximately $12,019,452.70. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Justin L. Jude bought 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $36.99 per share, with a total value of $100,168.92. Following the transaction, the chief executive officer now directly owns 280,777 shares in the company, 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 own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LKQ shares. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Barrington Research restated an "outperform" rating and set 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 assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus 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.