LKQ Corporation (NASDAQ:LKQ) Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group grew its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,474 shares of the auto parts company's stock after acquiring an additional 7,117 shares during the quarter. Rehmann Capital Advisory Group's holdings in LKQ were worth $1,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LKQ. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LKQ in the fourth quarter valued at $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in shares of LKQ in the fourth quarter valued at $160,339,000. Norges Bank purchased a new position in LKQ during the fourth quarter worth about $119,395,000. Clarkston Capital Partners LLC purchased a new position in LKQ during the fourth quarter worth about $91,678,000. Finally, Eminence Capital LP purchased a new position in LKQ during the fourth quarter worth about $68,944,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Trading Up 0.9%

Shares of LKQ stock traded up $0.36 during trading hours on Thursday, reaching $39.21. The stock had a trading volume of 1,539,729 shares, compared to its average volume of 2,301,634. The firm has a 50 day simple moving average of $39.32 and a two-hundred day simple moving average of $39.51. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 14.63 and a beta of 0.95. The company has a current ratio of 1.52, a quick ratio of 0.56 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 released 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. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The company's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. As a group, equities research analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.06%. LKQ's dividend payout ratio (DPR) is 44.78%.

Insider Transactions at LKQ

In other news, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the acquisition, the chief executive officer directly owned 280,777 shares in the company, valued at $10,385,941.23. This trade represents a 0.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction dated 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 transaction, the director owned 316,135 shares in the company, valued at approximately $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of several recent analyst reports. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, LKQ 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.