Rehmann Capital Advisory Group Has $1.08 Million Stock Position in LKQ Corporation (NASDAQ:LKQ)

Rehmann Capital Advisory Group boosted its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 25,474 shares of the auto parts company's stock after buying an additional 7,117 shares during the period. Rehmann Capital Advisory Group's holdings in LKQ were worth $1,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in LKQ by 73.7% in the 4th quarter. Jones Financial Companies Lllp now owns 5,685 shares of the auto parts company's stock valued at $209,000 after purchasing an additional 2,413 shares during the period. Assetmark Inc. bought a new stake in LKQ in the 4th quarter valued at about $619,000. Proficio Capital Partners LLC bought a new stake in LKQ in the 4th quarter valued at about $556,000. Raymond James Financial Inc. bought a new stake in LKQ in the 4th quarter valued at about $40,363,000. Finally, PNC Financial Services Group Inc. boosted its holdings in LKQ by 41.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 54,410 shares of the auto parts company's stock valued at $2,000,000 after purchasing an additional 16,079 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Activity at LKQ

In other LKQ news, CEO Justin L. Jude purchased 2,708 shares of the firm's stock in a transaction on Friday, April 25th. The stock was purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer owned 280,777 shares in the company, valued at $10,385,941.23. The trade was a 0.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total transaction of $190,100.00. Following the transaction, the director directly owned 316,135 shares of the company's stock, valued at $12,019,452.70. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of 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 target on shares of LKQ in a report on Monday, April 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, LKQ currently has an average rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $38.85 on Thursday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 14.50 and a beta of 0.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $39.32 and a 200 day simple moving average of $39.51. LKQ Corporation has a one year low of $35.56 and a one year high of $46.64.

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, meeting the consensus estimate of $0.79. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, May 15th. LKQ's dividend payout ratio (DPR) is currently 44.78%.

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.

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