Redwood Wealth Management Group LLC Buys Shares of 37,839 LKQ Corporation (NASDAQ:LKQ)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Cromwell Holdings LLC grew its holdings in shares of LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of LKQ by 104.8% during the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after purchasing an additional 500 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of LKQ by 299.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after purchasing an additional 851 shares during the last quarter. Allworth Financial LP grew its holdings in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of LKQ by 56.2% during the first quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company's stock worth $84,000 after purchasing an additional 709 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total transaction of $632,250.00. Following the transaction, the director now directly owns 321,135 shares in the company, valued at $13,535,840.25. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Justin L. Jude purchased 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The shares were purchased 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 now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.55% of the company's stock.

LKQ Stock Performance

NASDAQ LKQ traded up $0.27 during trading on Friday, reaching $37.13. The company's stock had a trading volume of 4,109,029 shares, compared to its average volume of 2,298,360. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.56 and a current ratio of 1.52. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 13.85 and a beta of 0.98. LKQ Corporation has a twelve month low of $35.56 and a twelve month high of $46.64. The business's fifty day moving average price is $39.93 and its 200-day moving average price is $39.52.

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 the consensus estimate of $0.79. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the company earned $0.82 earnings per share. The company's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. LKQ's dividend payout ratio (DPR) is 44.78%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LKQ shares. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

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.