Schonfeld Strategic Advisors LLC Has $615,000 Stock Position in LKQ Co. (NASDAQ:LKQ)

Schonfeld Strategic Advisors LLC decreased its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 51.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,737 shares of the auto parts company's stock after selling 17,972 shares during the period. Schonfeld Strategic Advisors LLC's holdings in LKQ were worth $615,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LKQ. AQR Capital Management LLC grew its holdings in LKQ by 68.7% during the fourth quarter. AQR Capital Management LLC now owns 135,817 shares of the auto parts company's stock valued at $4,971,000 after purchasing an additional 55,324 shares during the last quarter. Northern Trust Corp raised its holdings in LKQ by 9.1% in the 4th quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company's stock valued at $98,696,000 after acquiring an additional 223,510 shares during the period. Quarry LP raised its holdings in shares of LKQ by 499.3% during the 4th quarter. Quarry LP now owns 18,931 shares of the auto parts company's stock worth $696,000 after buying an additional 15,772 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in LKQ by 53.2% during the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock worth $709,000 after buying an additional 6,698 shares during the period. Finally, Boothbay Fund Management LLC increased its stake in LKQ by 56.2% in the fourth quarter. Boothbay Fund Management LLC now owns 14,580 shares of the auto parts company's stock valued at $536,000 after purchasing an additional 5,244 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

Insider Buying and Selling

In related news, CEO Justin L. Jude bought 2,708 shares of the company's stock in a transaction 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 directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total value of $190,100.00. Following the sale, the director now owns 316,135 shares of the company's stock, valued at approximately $12,019,452.70. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $1,873,750 in the last 90 days. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LKQ. JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Monday, April 21st. Finally, StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $52.60.

LKQ Stock Up 0.7%

Shares of NASDAQ LKQ traded up $0.31 during mid-day trading on Thursday, reaching $42.03. 408,933 shares of the company's stock were exchanged, compared to its average volume of 2,283,579. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 16.06 and a beta of 0.98. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $40.91 and a 200 day simple moving average of $39.26.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business's revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.86%. LKQ's dividend payout ratio (DPR) is currently 44.78%.

LKQ 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.