Siemens Fonds Invest GmbH Makes New $519,000 Investment in LKQ Co. (NASDAQ:LKQ)

Siemens Fonds Invest GmbH purchased a new position in LKQ Co. (NASDAQ:LKQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,126 shares of the auto parts company's stock, valued at approximately $519,000.

Several other hedge funds have also recently bought and sold shares of LKQ. Cromwell Holdings LLC grew its holdings in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the last quarter. CENTRAL TRUST Co increased its position in LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after purchasing an additional 1,440 shares in the last quarter. Allworth Financial LP boosted its holdings in LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after acquiring an additional 1,089 shares during the last quarter. Blue Trust Inc. increased its position in LKQ by 24.4% in the 4th quarter. Blue Trust Inc. now owns 2,815 shares of the auto parts company's stock valued at $112,000 after buying an additional 553 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of LKQ by 92.5% in the 4th quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company's stock worth $106,000 after purchasing an additional 1,389 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

NASDAQ:LKQ traded up $0.30 during mid-day trading on Friday, hitting $40.58. 5,871,315 shares of the company's stock traded hands, compared to its average volume of 2,286,728. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $46.64. The firm's 50 day simple moving average is $40.71 and its 200 day simple moving average is $39.53. The company has a market cap of $10.48 billion, a PE ratio of 15.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company's quarterly revenue was down 6.5% on a year-over-year basis. Sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.96%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Monday, April 21st. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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 LKQ stock in a transaction that occurred 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 transaction, the director now directly owns 321,135 shares of the company's stock, valued at $13,535,840.25. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Justin L. Jude acquired 2,708 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $36.99 per share, with a total value of $100,168.92. Following the acquisition, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock worth $1,457,150. 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.