4,118 Shares in LKQ Co. (NASDAQ:LKQ) Acquired by Power Corp of Canada

Power Corp of Canada purchased a new position in LKQ Co. (NASDAQ:LKQ – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,118 shares of the auto parts company’s stock, valued at approximately $194,000.

Several other hedge funds have also made changes to their positions in LKQ. National Pension Service raised its stake in LKQ by 432.2% during the 3rd quarter. National Pension Service now owns 558,987 shares of the auto parts company’s stock valued at $26,390,000 after acquiring an additional 453,959 shares in the last quarter. Glenmede Trust Co. NA raised its stake in LKQ by 2.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 446,163 shares of the auto parts company’s stock valued at $21,035,000 after acquiring an additional 10,993 shares in the last quarter. Captrust Financial Advisors raised its stake in LKQ by 239.8% during the 3rd quarter. Captrust Financial Advisors now owns 36,313 shares of the auto parts company’s stock valued at $1,712,000 after acquiring an additional 25,625 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in LKQ by 5.1% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,342 shares of the auto parts company’s stock valued at $440,000 after acquiring an additional 452 shares in the last quarter. Finally, Kentucky Retirement Systems raised its stake in LKQ by 5.7% during the 3rd quarter. Kentucky Retirement Systems now owns 20,405 shares of the auto parts company’s stock valued at $962,000 after acquiring an additional 1,093 shares in the last quarter. Institutional investors own 93.55% of the company’s stock.

Insider Buying and Selling

In related news, Director Holdings L.P. Valueact sold 371,976 shares of LKQ stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $55.91, for a total value of $20,797,178.16. Following the transaction, the director now directly owns 3,345,695 shares in the company, valued at approximately $187,057,807.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,700,295 shares of company stock worth $211,735,266 in the last three months. 0.47% of the stock is currently owned by insiders.

LKQ Stock Down 1.6 %

Shares of LKQ stock opened at $53.37 on Thursday. LKQ Co. has a 1 year low of $43.37 and a 1 year high of $59.33. The stock has a market cap of $14.25 billion, a PE ratio of 12.99 and a beta of 1.36. The business’s fifty day moving average is $56.92 and its 200-day moving average is $53.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.66 and a current ratio of 1.87.

LKQ (NASDAQ:LKQ – Get Rating) last issued its earnings results on Thursday, February 23rd. The auto parts company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.06). The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.04 billion. LKQ had a return on equity of 19.31% and a net margin of 8.98%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Equities analysts expect that LKQ Co. will post 4.07 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 16th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, March 15th. LKQ’s payout ratio is 26.76%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LKQ. Roth Capital reaffirmed a “buy” rating on shares of LKQ in a research note on Tuesday, February 21st. Raymond James lifted their price target on LKQ from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Finally, StockNews.com began coverage on LKQ in a research report on Thursday. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ presently has an average rating of “Buy” and a consensus price target of $67.00.

LKQ Company Profile

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LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F.