Tidal Investments LLC Purchases 9,638 Shares of LKQ Co. (NASDAQ:LKQ)

Tidal Investments LLC lifted its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,633 shares of the auto parts company's stock after buying an additional 9,638 shares during the quarter. Tidal Investments LLC's holdings in LKQ were worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LKQ. Geode Capital Management LLC lifted its position in shares of LKQ by 0.7% in the fourth 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 position in shares of LKQ by 26.6% in the fourth 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 position in shares of LKQ by 25.2% in the fourth 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 LKQ in the fourth quarter valued at $165,548,000. Finally, EdgePoint Investment Group Inc. purchased a new position in LKQ during the fourth quarter worth about $160,339,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Stock Down 0.8%

Shares of LKQ stock traded down $0.31 during midday trading on Thursday, hitting $39.92. The company's stock had a trading volume of 214,990 shares, compared to its average volume of 2,270,953. The firm has a market capitalization of $10.31 billion, a P/E ratio of 15.25 and a beta of 0.98. The stock has a 50-day simple moving average of $40.73 and a 200-day simple moving average of $39.50. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business's revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. As a group, sell-side analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.01%. LKQ's dividend payout ratio is currently 44.78%.

Analysts Set New Price Targets

LKQ has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. One investment 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

Insider Activity

In related news, CEO Justin L. Jude bought 2,708 shares of the business's stock in a transaction on 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 completion of the purchase, the chief executive officer now owns 280,777 shares of the company's stock, valued at $10,385,941.23. This represents a 0.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the transaction, the director now directly owns 321,135 shares in the company, valued at $13,535,840.25. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,000 shares of company stock worth $1,457,150. Company 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.