TD Asset Management Inc Has $9.18 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

TD Asset Management Inc boosted its stake in shares of LKQ Co. (NASDAQ:LKQFree Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 192,064 shares of the auto parts company’s stock after buying an additional 14,344 shares during the period. TD Asset Management Inc owned approximately 0.07% of LKQ worth $9,179,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LKQ. CVA Family Office LLC acquired a new stake in shares of LKQ in the fourth quarter valued at approximately $26,000. Private Trust Co. NA raised its holdings in shares of LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of LKQ in the third quarter valued at approximately $34,000. Headinvest LLC acquired a new stake in shares of LKQ in the third quarter valued at approximately $34,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of LKQ in the fourth quarter valued at approximately $37,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on LKQ

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction dated 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 sale, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by company insiders.

LKQ Trading Down 2.3 %

LKQ stock opened at $42.08 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. The company has a fifty day moving average price of $46.48 and a two-hundred day moving average price of $47.66. LKQ Co. has a one year low of $41.30 and a one year high of $59.38. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 13.66 and a beta of 1.28.

LKQ (NASDAQ:LKQGet Free Report) last released its quarterly earnings data 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). 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 the consensus estimate of $3.76 billion. During the same period last year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts anticipate that LKQ Co. will post 3.93 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. LKQ’s dividend payout ratio (DPR) is 38.96%.

LKQ Company Profile

(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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