Rhumbline Advisers Boosts Stake in LKQ Co. (NASDAQ:LKQ)

Rhumbline Advisers increased its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,552 shares of the auto parts company's stock after acquiring an additional 58,628 shares during the period. Rhumbline Advisers owned approximately 0.20% of LKQ worth $21,761,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after acquiring an additional 48,813 shares during the period. Invesco Ltd. increased its position in LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock valued at $204,739,000 after acquiring an additional 1,171,481 shares during the period. Dimensional Fund Advisors LP boosted its holdings in LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock valued at $192,268,000 after purchasing an additional 1,053,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in LKQ in the 4th quarter valued at approximately $165,548,000. Finally, EdgePoint Investment Group Inc. purchased a new stake in LKQ in the 4th quarter valued at approximately $160,339,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Trading Up 0.3%

LKQ traded up $0.12 during trading on Friday, hitting $39.09. The company's stock had a trading volume of 1,354,814 shares, compared to its average volume of 2,294,820. The firm's 50 day moving average price is $40.49 and its 200-day moving average price is $39.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The stock has a market cap of $10.09 billion, a PE ratio of 14.92 and a beta of 0.98. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64.

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, meeting the consensus estimate of $0.79. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. LKQ's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. On average, analysts expect that LKQ Co. 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 dividend of $0.30 per share. 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 3.07%. LKQ's payout ratio is 44.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LKQ shares. JPMorgan Chase & Co. lifted their price objective on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. Finally, Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.60.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the sale, the director now directly owns 321,135 shares in the company, valued at approximately $13,535,840.25. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Justin L. Jude purchased 2,708 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the acquisition, the chief executive officer now owns 280,777 shares in the company, valued at $10,385,941.23. This represents 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.

LKQ Company 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.