LKQ Co. (NASDAQ:LKQ) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 70.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,628 shares of the auto parts company's stock after purchasing an additional 94,224 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of LKQ worth $10,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC raised its position in LKQ by 22.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,640,838 shares of the auto parts company's stock worth $78,415,000 after purchasing an additional 301,217 shares during the period. Access Investment Management LLC purchased a new position in shares of LKQ during the fourth quarter worth approximately $5,106,000. Principal Securities Inc. purchased a new position in shares of LKQ during the fourth quarter worth approximately $80,000. Patton Albertson Miller Group LLC increased its position in shares of LKQ by 6.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 93,820 shares of the auto parts company's stock worth $4,484,000 after acquiring an additional 5,817 shares during the period. Finally, Peddock Capital Advisors LLC increased its position in shares of LKQ by 1.8% during the fourth quarter. Peddock Capital Advisors LLC now owns 26,002 shares of the auto parts company's stock worth $1,243,000 after acquiring an additional 468 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LKQ

In other LKQ news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction 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 transaction, the director now owns 15,606 shares of the company's stock, valued at $694,467. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other LKQ news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction 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 transaction, the director now owns 15,606 shares of the company's stock, valued at $694,467. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dominick P. Zarcone sold 200,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $20,087,548.34. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. Roth Mkm reiterated a "buy" rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $65.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, January 25th. Finally, StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, LKQ has an average rating of "Moderate Buy" and a consensus price target of $61.60.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.52 on Friday, hitting $44.67. 5,093,432 shares of the company were exchanged, compared to its average volume of 1,750,424. LKQ Co. has a 1-year low of $41.30 and a 1-year high of $59.38. The stock's 50 day moving average price is $48.43 and its 200 day moving average price is $47.73. 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 firm has a market capitalization of $11.92 billion, a P/E ratio of 14.50 and a beta of 1.33.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) 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 analysts' expectations of $3.76 billion. During the same period last year, the business earned $1.04 EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts predict that LKQ Co. will post 3.93 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. LKQ's payout ratio is 38.96%.

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.