UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 160,298 Shares of LKQ Co. (NASDAQ:LKQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,566,608 shares of the auto parts company's stock after purchasing an additional 160,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.99% of LKQ worth $94,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Cromwell Holdings LLC raised its position in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after buying an additional 332 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of 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 buying an additional 1,440 shares in the last quarter. Allworth Financial LP raised its holdings in shares of LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of LKQ by 24.4% in the 4th quarter. Blue Trust Inc. now owns 2,815 shares of the auto parts company's stock worth $112,000 after purchasing an additional 553 shares in the last quarter. Finally, Spire Wealth Management raised 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 owned by institutional investors and hedge funds.

LKQ Trading Down 0.5%

Shares of LKQ stock traded down $0.20 during trading hours on Thursday, reaching $40.03. 328,517 shares of the stock traded hands, compared to its average volume of 2,271,265. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $46.64. The business has a fifty day moving average price of $40.73 and a 200 day moving average price 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. The firm has a market capitalization of $10.33 billion, a PE ratio of 15.27 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm's revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that LKQ Co. 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, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, May 15th. LKQ's payout ratio is presently 44.78%.

Analyst Upgrades and Downgrades

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

Insider Activity at LKQ

In related news, CEO Justin L. Jude acquired 2,708 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $36.99 per share, with a total value of $100,168.92. Following the completion of the transaction, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total transaction of $634,800.00. Following the transaction, the director now directly owns 336,135 shares in the company, valued at $14,225,233.20. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,000 shares of company stock valued at $1,457,150. Corporate 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.