LKQ Co. (NASDAQ:LKQ) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in LKQ Co. (NASDAQ:LKQFree Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,938 shares of the auto parts company’s stock after acquiring an additional 535 shares during the period. Crossmark Global Holdings Inc.’s holdings in LKQ were worth $953,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Choreo LLC acquired a new stake in LKQ during the 4th quarter worth about $851,000. Osborne Partners Capital Management LLC acquired a new stake in shares of LKQ during the fourth quarter worth approximately $5,888,000. KBC Group NV grew its position in LKQ by 49.2% during the fourth quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock valued at $32,929,000 after purchasing an additional 227,314 shares in the last quarter. River Road Asset Management LLC increased its stake in LKQ by 2.5% in the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock valued at $224,154,000 after buying an additional 114,207 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in LKQ by 369.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company’s stock worth $21,832,000 after buying an additional 359,606 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Down 0.5 %

LKQ opened at $42.02 on Tuesday. The firm has a market cap of $11.21 billion, a P/E ratio of 13.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. The business has a 50 day moving average price of $45.39 and a 200 day moving average price of $47.54. LKQ Co. has a twelve month low of $41.30 and a twelve month high of $59.38.

LKQ (NASDAQ:LKQGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. LKQ’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts forecast that LKQ Co. will post 3.93 EPS for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.86%. LKQ’s payout ratio is 38.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. 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 reiterated a “buy” rating and set a $65.00 price target on shares of LKQ in a report on Tuesday, April 23rd. downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Robert W. Baird reduced 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.60.

Get Our Latest Stock Report on LKQ

Insiders Place Their Bets

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 transaction of $38,581.50. Following the transaction, the director now owns 15,606 shares in the company, valued at approximately $694,467. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% 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.

See Also

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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