TFO Wealth Partners LLC Raises Stock Holdings in LKQ Co. (NASDAQ:LKQ)

TFO Wealth Partners LLC raised its position in shares of LKQ Co. (NASDAQ:LKQFree Report) by 24,268.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,361 shares of the auto parts company’s stock after acquiring an additional 5,339 shares during the period. TFO Wealth Partners LLC’s holdings in LKQ were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. TD Asset Management Inc increased its stake in LKQ by 8.1% in the fourth quarter. TD Asset Management Inc now owns 192,064 shares of the auto parts company’s stock worth $9,179,000 after purchasing an additional 14,344 shares during the period. Steward Partners Investment Advisory LLC increased its stake in LKQ by 623.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,744 shares of the auto parts company’s stock worth $275,000 after purchasing an additional 4,950 shares during the period. 3Chopt Investment Partners LLC purchased a new stake in LKQ in the fourth quarter worth $361,000. Edmond DE Rothschild Holding S.A. increased its stake in LKQ by 2.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,078 shares of the auto parts company’s stock worth $2,298,000 after purchasing an additional 960 shares during the period. Finally, Johnson Financial Group Inc. increased its stake in LKQ by 67.2% in the fourth quarter. Johnson Financial Group Inc. now owns 7,582 shares of the auto parts company’s stock worth $362,000 after purchasing an additional 3,046 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LKQ. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Robert W. Baird cut 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. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. Roth Mkm restated a “buy” rating and set a $65.00 price target on shares of LKQ in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. One investment 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 an average rating of “Moderate Buy” and an average price target of $61.60.

Read Our Latest Stock Analysis on LKQ

LKQ Stock Up 2.6 %

LKQ stock opened at $43.03 on Monday. The business has a fifty day moving average of $46.66 and a two-hundred day moving average of $47.67. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a market cap of $11.48 billion, a P/E ratio of 13.97 and a beta of 1.29. LKQ Co. has a twelve month low of $41.30 and a twelve month high of $59.38.

LKQ (NASDAQ:LKQGet Free Report) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that LKQ Co. will post 3.93 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insiders Place Their Bets

In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the transaction, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Further Reading

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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