Robeco Institutional Asset Management B.V. Increases Holdings in LKQ Corporation (NASDAQ:LKQ)

Robeco Institutional Asset Management B.V. boosted its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 26.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,791 shares of the auto parts company's stock after purchasing an additional 26,904 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in LKQ were worth $5,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LKQ. Cambridge Investment Research Advisors Inc. lifted its stake in LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock valued at $799,000 after acquiring an additional 286 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of LKQ by 1.0% in the fourth quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock worth $1,257,000 after purchasing an additional 331 shares in the last quarter. MetLife Investment Management LLC grew its position in LKQ by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock valued at $2,528,000 after purchasing an additional 352 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in LKQ by 6.3% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 382 shares in the last quarter. Finally, Wahed Invest LLC raised its holdings in shares of LKQ by 6.4% in the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 405 shares during the period. Institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent research reports. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

Insider Buying and Selling at LKQ

In related news, CEO Justin L. Jude purchased 2,708 shares of LKQ stock in a transaction dated 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 completion of the acquisition, the chief executive officer directly owned 280,777 shares of the company's stock, valued at $10,385,941.23. The trade was a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $38.02, for a total transaction of $190,100.00. Following the sale, the director directly owned 316,135 shares in the company, valued at $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. Insiders own 0.47% of the company's stock.

LKQ Stock Up 2.6%

LKQ stock traded up $0.95 on Tuesday, hitting $37.96. 1,954,339 shares of the stock traded hands, compared to its average volume of 2,307,424. The business's fifty day simple moving average is $39.38 and its 200 day simple moving average is $39.46. The firm has a market cap of $9.80 billion, a P/E ratio of 14.16 and a beta of 0.98. 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 announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The business had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The business's revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, May 15th. LKQ's payout ratio is 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.