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

A number of other large investors have also recently modified their holdings of the business. Voloridge Investment Management LLC boosted its holdings in shares of LKQ by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 853,428 shares of the auto parts company's stock valued at $31,363,000 after purchasing an additional 484,541 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of LKQ by 716.6% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 207,511 shares of the auto parts company's stock valued at $7,626,000 after purchasing an additional 182,099 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of LKQ in the 4th quarter valued at $574,000. Vident Advisory LLC boosted its holdings in shares of LKQ by 4.4% in the 4th quarter. Vident Advisory LLC now owns 43,773 shares of the auto parts company's stock valued at $1,609,000 after purchasing an additional 1,856 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of LKQ by 29.2% in the 4th quarter. Tidal Investments LLC now owns 42,633 shares of the auto parts company's stock valued at $1,567,000 after purchasing an additional 9,638 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Price Performance

Shares of LKQ traded up $0.65 during trading hours on Tuesday, reaching $40.84. The stock had a trading volume of 2,001,449 shares, compared to its average volume of 2,279,242. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $46.64. The stock has a market capitalization of $10.54 billion, a PE ratio of 15.59 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. The company's 50-day moving average is $40.73 and its two-hundred day moving average is $39.49.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $3.46 billion during 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%. LKQ's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. Research analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's dividend payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the sale, the director now directly owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the firm's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $36.99 per share, with a total value of $100,168.92. Following the completion of the acquisition, the chief executive officer now directly owns 280,777 shares in the company, valued at approximately $10,385,941.23. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 35,000 shares of company stock valued at $1,457,150 in the last three months. Insiders own 0.55% of the company's stock.

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.