Allworth Financial LP Boosts Stake in LKQ Co. (NASDAQ:LKQ)

Allworth Financial LP boosted its position in shares of LKQ Co. (NASDAQ:LKQ) by 107.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,099 shares of the auto parts company’s stock after buying an additional 1,089 shares during the period. Allworth Financial LP’s holdings in LKQ were worth $82,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. OLD Second National Bank of Aurora increased its position in LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after acquiring an additional 287 shares during the period. Private Trust Co. NA increased its holdings in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares during the period. Asset Management One Co. Ltd. grew its position in LKQ by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after buying an additional 306 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in LKQ by 9.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock valued at $178,000 after buying an additional 412 shares during the period. Finally, Van ECK Associates Corp raised its position in LKQ by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock worth $279,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 1.9 %

Shares of NASDAQ LKQ opened at $41.25 on Tuesday. The firm’s 50 day moving average price is $37.71 and its 200 day moving average price is $38.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The firm has a market cap of $10.72 billion, a P/E ratio of 15.74 and a beta of 1.29. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. As a group, sell-side analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, March 13th. LKQ’s payout ratio is currently 45.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the sale, the director now owns 359,462 shares of the company’s stock, valued at $14,975,186.92. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is currently owned by corporate insiders.

LKQ Company Profile

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.