Quarry LP lifted its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 499.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,931 shares of the auto parts company's stock after purchasing an additional 15,772 shares during the period. Quarry LP's holdings in LKQ were worth $696,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock valued at $309,609,000 after acquiring an additional 833,519 shares during the period. Geode Capital Management LLC lifted its position in shares of LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after buying an additional 48,813 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock valued at $204,739,000 after buying an additional 1,171,481 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock worth $192,268,000 after buying an additional 1,053,001 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of LKQ during the 4th quarter worth approximately $165,548,000. Institutional investors own 95.63% of the company's stock.
Wall Street Analyst Weigh In
LKQ has been the topic of several analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price target on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.60.
Check Out Our Latest Analysis on LKQ
Insider Buying and Selling at LKQ
In other news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the transaction, the chief executive officer now 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. Insiders sold 50,000 shares of company stock valued at $2,054,450 over the last quarter. 0.55% of the stock is currently owned by insiders.
LKQ Stock Performance
Shares of LKQ traded up $0.99 during trading hours on Friday, hitting $39.12. The stock had a trading volume of 830,596 shares, compared to its average volume of 2,261,977. The firm has a 50-day moving average price of $41.23 and a 200 day moving average price of $39.14. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 14.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71.
LKQ (NASDAQ:LKQ - Get Free Report) last posted its 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 net margin of 4.81% and a return on equity of 14.93%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.
LKQ Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.07%. LKQ's dividend payout ratio (DPR) is currently 44.78%.
LKQ Profile
(
Free Report)
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.
Recommended Stories
Before you consider LKQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LKQ wasn't on the list.
While LKQ currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
