Tokio Marine Asset Management Co. Ltd. Buys 1,460 Shares of LKQ Co. (NASDAQ:LKQ)

Tokio Marine Asset Management Co. Ltd. lifted its stake in LKQ Co. (NASDAQ:LKQ) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,780 shares of the auto parts company’s stock after acquiring an additional 1,460 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in LKQ were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Morgan Stanley grew its position in LKQ by 13.7% during the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock valued at $490,528,000 after buying an additional 1,195,122 shares during the period. Cooke & Bieler LP grew its position in LKQ by 95.1% during the fourth quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock valued at $114,842,000 after buying an additional 1,171,225 shares during the period. Nordea Investment Management AB grew its position in LKQ by 13.4% during the third quarter. Nordea Investment Management AB now owns 7,149,362 shares of the auto parts company’s stock valued at $357,182,000 after buying an additional 844,188 shares during the period. Qube Research & Technologies Ltd grew its position in LKQ by 181.2% during the third quarter. Qube Research & Technologies Ltd now owns 884,049 shares of the auto parts company’s stock valued at $43,769,000 after buying an additional 569,719 shares during the period. Finally, Wellington Management Group LLP grew its position in LKQ by 5.5% during the third quarter. Wellington Management Group LLP now owns 10,330,168 shares of the auto parts company’s stock valued at $511,447,000 after buying an additional 540,259 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

LKQ Price Performance

LKQ stock opened at $43.64 on Monday. LKQ Co. has a one year low of $41.30 and a one year high of $59.38. The company’s fifty day moving average price is $50.72 and its 200-day moving average price is $48.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. The company has a market capitalization of $11.64 billion, a PE ratio of 14.17 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm posted $1.04 EPS. LKQ’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that LKQ Co. will post 3.94 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.75%. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LKQ. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, April 19th. Robert W. Baird dropped their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Profile

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.