Mirae Asset Global Investments Co. Ltd. Has $2.93 Million Position in LKQ Co. (NASDAQ:LKQ)

Mirae Asset Global Investments Co. Ltd. lifted its stake in LKQ Co. (NASDAQ:LKQ) by 23.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 61,373 shares of the auto parts company’s stock after purchasing an additional 11,684 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in LKQ were worth $2,933,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in LKQ during the 3rd quarter worth $26,000. CVA Family Office LLC acquired a new stake in LKQ during the 4th quarter worth $26,000. Clear Street Markets LLC grew its holdings in LKQ by 94.1% during the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 241 shares during the period. Covestor Ltd grew its holdings 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 period. Finally, Private Trust Co. NA grew its holdings in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Down 1.1 %

LKQ opened at $47.91 on Thursday. The stock has a market capitalization of $12.78 billion, a P/E ratio of 13.69 and a beta of 1.28. LKQ Co. has a 12 month low of $41.49 and a 12 month high of $59.38. The firm’s fifty day simple moving average is $51.17 and its 200 day simple moving average is $48.36. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. As a group, research analysts anticipate that LKQ Co. will post 4.08 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.50%. LKQ’s dividend payout ratio is currently 34.29%.

Insider Activity at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday, February 22nd. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, LKQ currently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

About LKQ

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.