Cwm LLC Raises Stake in LKQ Co. (NASDAQ:LKQ)

Cwm LLC lifted its position in shares of LKQ Co. (NASDAQ:LKQ) by 19.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,839 shares of the auto parts company’s stock after purchasing an additional 1,258 shares during the quarter. Cwm LLC’s holdings in LKQ were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LKQ. OFI Invest Asset Management purchased a new position in LKQ in the 3rd quarter worth approximately $26,000. CVA Family Office LLC purchased a new position in LKQ in the 4th quarter worth approximately $26,000. Private Trust Co. NA boosted its holdings in LKQ by 228.4% in 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. NBC Securities Inc. purchased a new position in LKQ in the 3rd quarter worth approximately $34,000. Finally, Headinvest LLC purchased a new position in LKQ in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. Robert W. Baird cut their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.60.

LKQ Stock Performance

Shares of LKQ opened at $43.13 on Thursday. The business’s fifty day moving average price is $50.31 and its 200 day moving average price is $48.01. LKQ Co. has a 12-month low of $41.30 and a 12-month high of $59.38. The stock has a market capitalization of $11.51 billion, a PE ratio of 14.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (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 firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts forecast that LKQ Co. will post 3.94 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date is Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was 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 in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by company insiders.

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.