Northern Trust Corp Has $98.70 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Northern Trust Corp raised its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,685,613 shares of the auto parts company's stock after purchasing an additional 223,510 shares during the quarter. Northern Trust Corp owned 1.03% of LKQ worth $98,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LKQ. OLD Second National Bank of Aurora boosted its stake in LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock valued at $1,623,000 after buying an additional 287 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of LKQ by 1.0% in the 4th quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock valued at $1,257,000 after purchasing an additional 331 shares in the last quarter. Cromwell Holdings LLC grew its holdings in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after purchasing an additional 352 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its position in shares of LKQ by 6.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock worth $237,000 after purchasing an additional 382 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the sale, the director now directly owns 336,135 shares in the company, valued at $14,225,233.20. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Justin L. Jude bought 2,708 shares of LKQ stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $36.99 per share, with a total value of $100,168.92. Following the acquisition, the chief executive officer now directly owns 280,777 shares of the company's stock, valued at $10,385,941.23. The trade was a 0.97 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $1,873,750. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LKQ. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.60.

LKQ Trading Up 0.0 %

LKQ traded up $0.01 during mid-day trading on Wednesday, reaching $39.40. The stock had a trading volume of 2,279,611 shares, compared to its average volume of 2,267,669. The firm's fifty day simple moving average is $41.03 and its two-hundred day simple moving average is $39.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The stock has a market capitalization of $10.17 billion, a P/E ratio of 15.04 and a beta of 0.98. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm's revenue was down 6.5% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. On average, equities analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, May 15th. LKQ's payout ratio is presently 44.78%.

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.