Illinois Municipal Retirement Fund Sells 29,412 Shares of LKQ Co. (NASDAQ:LKQ)

Illinois Municipal Retirement Fund lessened its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,264 shares of the auto parts company's stock after selling 29,412 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.08% of LKQ worth $9,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. CVA Family Office LLC acquired a new position in LKQ during the 4th quarter worth about $26,000. OFI Invest Asset Management purchased a new position in LKQ during the 3rd quarter valued at about $26,000. Private Trust Co. NA boosted its holdings in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 450 shares during the period. Headinvest LLC purchased a new position in LKQ during the 3rd quarter valued at about $34,000. Finally, NBC Securities Inc. purchased a new position in LKQ during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Activity at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LKQ. Stifel Nicolaus restated a "buy" rating and set a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on LKQ from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, January 25th. Roth Mkm reaffirmed a "buy" rating and issued a $65.00 price target on shares of LKQ in a research report on Tuesday. StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, April 19th. One research 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 presently has an average rating of "Moderate Buy" and an average price target of $61.60.

LKQ Stock Performance

LKQ traded up $1.63 during trading on Wednesday, hitting $43.28. 5,642,373 shares of the stock were exchanged, compared to its average volume of 1,692,079. The firm has a market capitalization of $11.55 billion, a P/E ratio of 12.29 and a beta of 1.28. LKQ Co. has a 1-year low of $41.30 and a 1-year high of $59.38. The stock has a fifty day moving average price of $51.08 and a two-hundred day moving average price of $48.30. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a net margin of 6.75% and a return on equity of 17.24%. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that LKQ Co. will post 4.07 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.77%. LKQ's dividend payout ratio (DPR) is presently 34.29%.

About LKQ

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.