Gotham Asset Management LLC increased its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 90.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,066 shares of the auto parts company's stock after purchasing an additional 304,142 shares during the quarter. Gotham Asset Management LLC owned 0.25% of LKQ worth $23,522,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of LKQ. Clarkston Capital Partners LLC purchased a new stake in shares of LKQ during the fourth quarter worth approximately $91,678,000. Pacer Advisors Inc. increased its position in shares of LKQ by 112.9% in the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company's stock valued at $1,564,000 after purchasing an additional 22,575 shares during the last quarter. Aquatic Capital Management LLC raised its holdings in shares of LKQ by 53.2% in the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock valued at $709,000 after purchasing an additional 6,698 shares in the last quarter. Islay Capital Management LLC purchased a new stake in shares of LKQ during the 4th quarter worth $559,000. Finally, LPL Financial LLC grew its stake in shares of LKQ by 10.4% during the fourth quarter. LPL Financial LLC now owns 126,729 shares of the auto parts company's stock worth $4,657,000 after purchasing an additional 11,975 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.
Insider Buying and Selling
In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total transaction of $190,100.00. Following the completion of the transaction, the director now owns 316,135 shares in the company, valued at approximately $12,019,452.70. This represents a 1.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the acquisition, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $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 have sold a total of 45,000 shares of company stock valued at $1,873,750 over the last quarter. 0.55% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.
Read Our Latest Analysis on LKQ
LKQ Stock Up 0.2 %
Shares of NASDAQ LKQ opened at $40.10 on Friday. The stock has a market cap of $10.35 billion, a PE ratio of 15.31 and a beta of 0.98. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $46.64. The business has a 50-day moving average price of $40.95 and a 200 day moving average price of $39.17. 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 (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 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 period last year, the firm posted $0.82 earnings per share. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.
LKQ Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. LKQ's payout ratio is 44.78%.
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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