Seizert Capital Partners LLC Has $64.01 Million Holdings in LKQ Corporation (NASDAQ:LKQ)

Seizert Capital Partners LLC raised its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,504,576 shares of the auto parts company's stock after purchasing an additional 26,156 shares during the quarter. LKQ comprises approximately 2.9% of Seizert Capital Partners LLC's holdings, making the stock its 5th biggest holding. Seizert Capital Partners LLC owned approximately 0.58% of LKQ worth $64,005,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of LKQ by 0.7% during 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of LKQ by 26.6% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LKQ by 25.2% during 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 acquiring an additional 1,053,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LKQ during the 4th quarter valued at $165,548,000. Finally, EdgePoint Investment Group Inc. purchased a new stake in LKQ during the 4th quarter worth $160,339,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LKQ shares. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird dropped their target price on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.40.

LKQ Trading Up 0.6%

Shares of LKQ stock traded up $0.17 during trading hours on Friday, reaching $29.64. 3,601,368 shares of the stock traded hands, compared to its average volume of 2,550,985. LKQ Corporation has a 1-year low of $29.02 and a 1-year high of $44.82. The business has a fifty day moving average price of $37.60 and a 200 day moving average price of $39.37. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $7.63 billion, a PE ratio of 10.86 and a beta of 0.95.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities research analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, August 14th. LKQ's dividend payout ratio is currently 43.96%.

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.