Choreo LLC Acquires New Shares in LKQ Co. (NASDAQ:LKQ)

Choreo LLC purchased a new position in LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,799 shares of the auto parts company's stock, valued at approximately $851,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of LKQ in the 4th quarter worth about $26,000. OFI Invest Asset Management bought a new stake in LKQ in the 3rd quarter worth about $26,000. Private Trust Co. NA increased its holdings in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company's stock worth $31,000 after buying an additional 450 shares in the last quarter. Headinvest LLC bought a new stake in LKQ in the 3rd quarter worth about $34,000. Finally, NBC Securities Inc. bought a new stake in LKQ in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm'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 transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on LKQ. Robert W. Baird cut their price target on LKQ from $58.00 to $54.00 and set an "outperform" rating for the company in a research note on Wednesday, April 24th. Stifel Nicolaus restated a "buy" rating and set a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. Roth Mkm reaffirmed a "buy" rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday, April 23rd. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on LKQ from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.60.

LKQ Trading Up 0.5 %

Shares of NASDAQ LKQ traded up $0.21 during trading hours on Thursday, hitting $43.34. 2,116,669 shares of the company traded hands, compared to its average volume of 1,735,807. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 14.07 and a beta of 1.33. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The company's 50 day moving average price is $50.31 and its 200 day moving average price is $48.01. LKQ Co. has a 12 month low of $41.30 and a 12 month high of $59.38.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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 return on equity of 15.94% and a net margin of 5.79%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $1.04 earnings per share. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that LKQ Co. will post 3.94 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. LKQ's dividend payout ratio is currently 38.96%.

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.