Boston Partners Increases Stock Position in LKQ Co. (NASDAQ:LKQ)

Boston Partners raised its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,507,873 shares of the auto parts company's stock after acquiring an additional 1,351,389 shares during the period. Boston Partners owned about 2.81% of LKQ worth $358,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LKQ. Envestnet Portfolio Solutions Inc. boosted its stake in LKQ by 2.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,775 shares of the auto parts company's stock worth $563,000 after purchasing an additional 301 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of LKQ by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,060,588 shares of the auto parts company's stock worth $194,060,000 after buying an additional 11,246 shares during the period. Qsemble Capital Management LP bought a new position in shares of LKQ during the fourth quarter worth about $407,000. Evergreen Wealth Solutions LLC raised its position in LKQ by 4.9% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company's stock valued at $250,000 after buying an additional 244 shares during the last quarter. Finally, AGF Management Ltd. bought a new stake in LKQ in the 4th quarter valued at approximately $545,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Robert W. Baird cut their price target on shares of LKQ from $58.00 to $54.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price target on LKQ from $65.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, January 25th. Finally, Roth Mkm reissued a "buy" rating and issued a $65.00 target price on shares of LKQ in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.60.

LKQ Stock Performance

Shares of LKQ traded down $0.11 during mid-day trading on Friday, reaching $44.21. The company's stock had a trading volume of 828,637 shares, compared to its average volume of 2,379,252. 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 stock has a market cap of $11.79 billion, a P/E ratio of 14.35 and a beta of 1.33. LKQ Co. has a 1-year low of $41.30 and a 1-year high of $59.38. The business has a 50-day simple moving average of $49.16 and a two-hundred day simple moving average of $47.77.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. As a group, equities research analysts anticipate that LKQ Co. will post 3.94 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given 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 yield of 2.71%. LKQ's dividend payout ratio (DPR) is presently 38.96%.

Insider Transactions at LKQ

In other LKQ news, Director Xavier Urbain sold 867 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the transaction, the director now directly owns 15,606 shares of the company's stock, valued at approximately $694,467. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were 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 directly owns 386,522 shares of the company's stock, valued at $20,087,548.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Xavier Urbain sold 867 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares of the company's stock, valued at $694,467. The disclosure for this sale can be found here. Corporate insiders own 0.55% 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.