LKQ Co. (NASDAQ:LKQ) Position Raised by California State Teachers Retirement System

California State Teachers Retirement System increased its position in shares of LKQ Co. (NASDAQ:LKQFree Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,191 shares of the auto parts company’s stock after purchasing an additional 18,838 shares during the period. California State Teachers Retirement System owned 0.16% of LKQ worth $20,654,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LKQ. CVA Family Office LLC acquired a new position in LKQ in the fourth quarter worth approximately $26,000. Private Trust Co. NA grew its position in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares during the last quarter. NBC Securities Inc. purchased a new position in LKQ during the 3rd quarter worth approximately $34,000. Headinvest LLC purchased a new position in LKQ during the 3rd quarter worth approximately $34,000. Finally, Bruce G. Allen Investments LLC purchased a new position in LKQ during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price objective on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday, April 23rd. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, April 19th. Finally, Stifel Nicolaus reiterated 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Check Out Our Latest Report on LKQ

LKQ Trading Down 0.2 %

LKQ stock opened at $42.14 on Friday. The company’s fifty day simple moving average is $46.06 and its 200-day simple moving average is $47.60. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. LKQ Co. has a 12 month low of $41.30 and a 12 month high of $59.38. The stock has a market cap of $11.24 billion, a P/E ratio of 13.68 and a beta of 1.28.

LKQ (NASDAQ:LKQGet Free Report) last posted its quarterly 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 net margin of 5.79% and a return on equity of 15.94%. 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 firm earned $1.04 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that LKQ Co. will post 3.93 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Wednesday, May 15th. LKQ’s payout ratio is presently 38.96%.

Insider Activity at LKQ

In related news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction 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 sale, the director now owns 15,606 shares of the company’s stock, valued at approximately $694,467. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.

LKQ 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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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