Pacer Advisors Inc. Raises Holdings in LKQ Co. (NASDAQ:LKQ)

Pacer Advisors Inc. increased its holdings in LKQ Co. (NASDAQ:LKQFree Report) by 44.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,430 shares of the auto parts company’s stock after acquiring an additional 10,213 shares during the quarter. Pacer Advisors Inc.’s holdings in LKQ were worth $1,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CVA Family Office LLC purchased a new stake in LKQ in the 4th quarter valued at approximately $26,000. Financiere des Professionnels Fonds d investissement inc. boosted its stake in shares of LKQ by 12.4% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 106,003 shares of the auto parts company’s stock worth $5,066,000 after purchasing an additional 11,690 shares during the last quarter. SG Americas Securities LLC grew its stake in LKQ by 194.1% in the 4th quarter. SG Americas Securities LLC now owns 37,352 shares of the auto parts company’s stock worth $1,785,000 after acquiring an additional 24,651 shares during the period. CX Institutional purchased a new stake in shares of LKQ in the fourth quarter valued at $216,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of LKQ by 2,145.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 943 shares of the auto parts company’s stock valued at $45,000 after acquiring an additional 901 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of LKQ opened at $53.41 on Monday. LKQ Co. has a 12 month low of $41.49 and a 12 month high of $59.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. The stock has a fifty day moving average price of $50.32 and a 200 day moving average price of $48.26. The company has a market cap of $14.25 billion, a P/E ratio of 15.26 and a beta of 1.29.

LKQ (NASDAQ:LKQGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. On average, research analysts forecast that LKQ Co. will post 4.06 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.25%. LKQ’s payout ratio is 34.29%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LKQ. JPMorgan Chase & Co. reduced their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

Get Our Latest Stock Report on LKQ

LKQ Company 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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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