Rehmann Capital Advisory Group Purchases 7,117 Shares of LKQ Corporation (NASDAQ:LKQ)

Rehmann Capital Advisory Group grew its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction on 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 sale, the director owned 316,135 shares of the company's stock, valued at $12,019,452.70. This trade represents a 1.56% 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 that occurred on Friday, April 25th. The stock was acquired at an average cost of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer directly owned 280,777 shares of the company's stock, valued at $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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LKQ shares. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Price Performance

LKQ traded down $0.66 during midday trading on Friday, hitting $38.55. The stock had a trading volume of 501,697 shares, compared to its average volume of 2,299,213. The company has a market cap of $9.95 billion, a P/E ratio of 14.39 and a beta of 0.95. LKQ Corporation has a 1 year low of $35.56 and a 1 year high of $46.64. 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 business has a fifty day moving average of $39.34 and a 200 day moving average of $39.52.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, equities analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 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.