LKQ Co. (NASDAQ:LKQ) Stake Raised by abrdn plc

abrdn plc raised its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,015,499 shares of the auto parts company's stock after acquiring an additional 113,145 shares during the quarter. abrdn plc owned approximately 0.38% of LKQ worth $48,531,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cooke & Bieler LP lifted its holdings in shares of LKQ by 95.1% in the 4th quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company's stock valued at $114,842,000 after purchasing an additional 1,171,225 shares during the last quarter. Check Capital Management Inc. CA lifted its holdings in shares of LKQ by 3.9% in the 4th quarter. Check Capital Management Inc. CA now owns 1,233,173 shares of the auto parts company's stock valued at $58,933,000 after purchasing an additional 45,942 shares during the last quarter. AIA Group Ltd lifted its holdings in shares of LKQ by 103.5% in the 4th quarter. AIA Group Ltd now owns 12,813 shares of the auto parts company's stock valued at $612,000 after purchasing an additional 6,516 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of LKQ by 21.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 2,943 shares of the auto parts company's stock valued at $141,000 after purchasing an additional 513 shares during the last quarter. Finally, Twin Capital Management Inc. lifted its holdings in shares of LKQ by 199.7% in the 4th quarter. Twin Capital Management Inc. now owns 30,568 shares of the auto parts company's stock valued at $1,461,000 after purchasing an additional 20,367 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LKQ has been the subject of several research reports. Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Friday. JPMorgan Chase & Co. reduced their price objective on LKQ from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, January 25th. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.50.

LKQ Stock Performance

LKQ traded down $0.19 on Monday, hitting $48.93. 1,855,451 shares of the company traded hands, compared to its average volume of 1,537,312. The company has a 50 day moving average of $51.21 and a 200-day moving average of $48.36. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $13.05 billion, a PE ratio of 13.98 and a beta of 1.28. LKQ Co. has a 12-month low of $41.49 and a 12-month high of $59.38.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The company's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. Sell-side analysts anticipate that LKQ Co. will post 4.07 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, March 13th. LKQ's dividend payout ratio (DPR) is 34.29%.

Insider Transactions at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares of the company's stock, valued at approximately $20,087,548.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.45% of the company's stock.

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.