International Assets Investment Management LLC Makes New Investment in LKQ Co. (NASDAQ:LKQ)

International Assets Investment Management LLC purchased a new stake in shares of LKQ Co. (NASDAQ:LKQFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 29,472 shares of the auto parts company’s stock, valued at approximately $1,408,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in LKQ by 3.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,689 shares of the auto parts company’s stock worth $2,460,000 after buying an additional 1,599 shares during the period. TD Asset Management Inc boosted its holdings in LKQ by 3.7% in the third quarter. TD Asset Management Inc now owns 177,720 shares of the auto parts company’s stock valued at $8,799,000 after acquiring an additional 6,268 shares during the last quarter. CIBC Asset Management Inc increased its position in LKQ by 2.3% during the 3rd quarter. CIBC Asset Management Inc now owns 40,218 shares of the auto parts company’s stock valued at $1,991,000 after purchasing an additional 910 shares during the period. Yousif Capital Management LLC raised its holdings in LKQ by 1.5% during the 3rd quarter. Yousif Capital Management LLC now owns 39,885 shares of the auto parts company’s stock worth $1,975,000 after purchasing an additional 605 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of LKQ by 28.4% in the 3rd quarter. Fifth Third Bancorp now owns 14,428 shares of the auto parts company’s stock worth $714,000 after purchasing an additional 3,193 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Down 0.7 %

Shares of LKQ stock opened at $44.23 on Wednesday. The stock has a market capitalization of $11.80 billion, a PE ratio of 14.36 and a beta of 1.33. LKQ Co. has a 52 week low of $41.30 and a 52 week high of $59.38. The stock has a 50 day moving average price of $48.86 and a two-hundred day moving average price of $47.78. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70.

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

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on LKQ

Insider Activity

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now directly owns 15,606 shares of the company’s stock, valued at $694,467. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dominick P. Zarcone sold 200,000 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

About LKQ

(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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