LKQ Co. (NASDAQ:LKQ) Shares Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC lifted its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 22.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,936 shares of the auto parts company's stock after purchasing an additional 76,135 shares during the quarter. Applied Finance Capital Management LLC owned about 0.16% of LKQ worth $19,878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new position in shares of LKQ in the third quarter valued at about $26,000. CVA Family Office LLC acquired a new stake in LKQ during the 4th quarter worth about $26,000. Private Trust Co. NA raised its stake in shares of 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 buying an additional 450 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of LKQ in the 3rd quarter valued at about $34,000. Finally, Headinvest LLC acquired a new stake in LKQ during the third quarter worth about $34,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of NASDAQ LKQ traded up $0.52 during trading on Friday, hitting $44.67. The company had a trading volume of 5,093,432 shares, compared to its average volume of 2,396,856. LKQ Co. has a fifty-two week low of $41.30 and a fifty-two week high of $59.38. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $48.43 and a two-hundred day simple moving average of $47.76. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 14.50 and a beta of 1.33.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business's revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, research analysts expect that LKQ Co. will post 3.93 earnings per share for the current year.

LKQ Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ 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 sale, the chief executive officer now owns 386,522 shares of the company's stock, valued at approximately $20,087,548.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Dominick P. Zarcone sold 200,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Xavier Urbain sold 867 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares in the company, valued at $694,467. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

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.