Worldquant Millennium Advisors LLC lifted its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 716.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,511 shares of the auto parts company's stock after acquiring an additional 182,099 shares during the period. Worldquant Millennium Advisors LLC owned 0.08% of LKQ worth $7,626,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. OLD Second National Bank of Aurora raised its stake in shares of LKQ by 0.7% during the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock valued at $1,623,000 after acquiring an additional 287 shares in the last quarter. Bank of Nova Scotia grew its holdings in LKQ by 1.0% in the fourth quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock worth $1,257,000 after purchasing an additional 331 shares during the last quarter. Cromwell Holdings LLC grew its holdings in LKQ by 81.0% in the fourth 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. MetLife Investment Management LLC grew its holdings in LKQ by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after purchasing an additional 352 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its holdings in shares of LKQ by 6.3% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after buying an additional 382 shares during the last quarter. Institutional investors own 95.63% of the company's stock.
Insider Buying and Selling at LKQ
In related 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Justin L. Jude purchased 2,708 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was acquired 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 of the company's stock, valued at $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. Insiders sold 35,000 shares of company stock valued at $1,457,150 in the last 90 days. Company insiders own 0.55% of the company's stock.
LKQ Trading Up 1.3%
Shares of NASDAQ:LKQ traded up $0.54 during mid-day trading on Tuesday, reaching $40.73. 337,839 shares of the company were exchanged, compared to its average volume of 2,272,715. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 15.56 and a beta of 0.98. The firm's 50-day simple moving average is $40.73 and its 200 day simple moving average is $39.49. 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 quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. Equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current year.
LKQ Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.95%. LKQ's dividend payout ratio is presently 44.78%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.
Check Out Our Latest Stock Analysis on LKQ
About LKQ
(
Free Report)
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.
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