15,612 Shares in LKQ Co. (NASDAQ:LKQ) Bought by Woodline Partners LP

Woodline Partners LP bought a new position in LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 15,612 shares of the auto parts company's stock, valued at approximately $574,000.

A number of other institutional investors also recently bought and sold shares of LKQ. Fuller & Thaler Asset Management Inc. purchased a new position in LKQ during the 4th quarter worth approximately $165,548,000. EdgePoint Investment Group Inc. purchased a new position in LKQ during the 4th quarter worth approximately $160,339,000. Norges Bank purchased a new position in LKQ during the 4th quarter worth approximately $119,395,000. Clarkston Capital Partners LLC purchased a new position in LKQ during the 4th quarter worth approximately $91,678,000. Finally, Eminence Capital LP purchased a new position in LKQ during the 4th quarter worth approximately $68,944,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Up 0.7%

Shares of LKQ stock traded up $0.30 during trading hours on Friday, reaching $40.58. 5,871,315 shares of the stock were exchanged, compared to its average volume of 2,286,728. The business's fifty day moving average is $40.71 and its two-hundred day moving average is $39.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $46.64. The firm has a market capitalization of $10.48 billion, a P/E ratio of 15.49 and a beta of 0.98.

LKQ (NASDAQ:LKQ - Get Free Report) last announced 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. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, research analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

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

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of recent research reports. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, LKQ currently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

Insiders Place Their Bets

In related news, CEO Justin L. Jude purchased 2,708 shares of LKQ 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 transaction, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. The trade was 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 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 in the company, valued at $13,535,840.25. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,000 shares of company stock worth $1,457,150. 0.55% of the stock is owned by corporate insiders.

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.