Citigroup Inc. lifted its holdings in LKQ Co. (NASDAQ:LKQ – Free Report) by 48.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 304,214 shares of the auto parts company’s stock after purchasing an additional 99,609 shares during the quarter. Citigroup Inc. owned about 0.11% of LKQ worth $17,267,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd boosted its position in LKQ by 81.1% during the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new position in LKQ during the 1st quarter worth approximately $35,000. Venturi Wealth Management LLC acquired a new stake in shares of LKQ in the 1st quarter valued at approximately $36,000. Resurgent Financial Advisors LLC acquired a new stake in shares of LKQ in the 4th quarter valued at approximately $42,000. Finally, MV Capital Management Inc. boosted its holdings in shares of LKQ by 204.8% in the 1st quarter. MV Capital Management Inc. now owns 756 shares of the auto parts company’s stock valued at $43,000 after buying an additional 508 shares during the last quarter. 93.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on LKQ. StockNews.com upgraded LKQ from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Robert W. Baird restated an “outperform” rating and issued a $65.00 price target on shares of LKQ in a research note on Monday.
Insiders Place Their Bets
In other LKQ news, Director Meg Divitto sold 2,300 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $54.16, for a total transaction of $124,568.00. Following the transaction, the director now owns 15,607 shares in the company, valued at approximately $845,275.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.
LKQ Stock Up 0.6 %
LKQ opened at $52.10 on Tuesday. LKQ Co. has a 1-year low of $46.20 and a 1-year high of $59.38. The stock’s fifty day simple moving average is $55.41 and its 200 day simple moving average is $55.64. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 0.57. The stock has a market cap of $13.94 billion, a PE ratio of 13.97 and a beta of 1.34.
LKQ (NASDAQ:LKQ – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.46 billion. LKQ had a return on equity of 18.65% and a net margin of 7.80%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. As a group, research analysts expect that LKQ Co. will post 4 earnings per share for the current year.
LKQ Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, August 16th. LKQ’s payout ratio is 29.49%.
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 automotive glass products, such as windshields; 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.
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