Schroder Investment Management Group Boosts Stock Position in LKQ Co. (NASDAQ:LKQ)

Schroder Investment Management Group raised its position in LKQ Co. (NASDAQ:LKQFree Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,628 shares of the auto parts company’s stock after purchasing an additional 4,683 shares during the period. Schroder Investment Management Group owned about 0.17% of LKQ worth $21,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LKQ. CVA Family Office LLC purchased a new position in LKQ during the fourth quarter worth about $26,000. Private Trust Co. NA lifted its holdings in shares of LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 450 shares during the period. Headinvest LLC purchased a new stake in LKQ in the third quarter valued at approximately $34,000. Bruce G. Allen Investments LLC acquired a new position in LKQ during the fourth quarter worth approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LKQ

In other news, Director Xavier Urbain sold 867 shares of the 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 of the company’s stock, valued at $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on LKQ shares. Roth Mkm restated a “buy” rating and set a $65.00 price objective on shares of LKQ in a report on Tuesday, April 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Robert W. Baird reduced their price target 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. Finally, lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

Check Out Our Latest Stock Report on LKQ

LKQ Stock Performance

Shares of LKQ stock opened at $42.02 on Tuesday. The company’s fifty day moving average price is $45.39 and its two-hundred day moving average price is $47.54. 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 firm has a market capitalization of $11.21 billion, a P/E ratio of 13.64 and a beta of 1.29. LKQ Co. has a 12 month low of $41.30 and a 12 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 net margin of 5.79% and a return on equity of 15.94%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $1.04 EPS. LKQ’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts anticipate that LKQ Co. will post 3.93 earnings per share for the current fiscal 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ’s dividend payout ratio is currently 38.96%.

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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