Yousif Capital Management LLC Sells 856 Shares of LKQ Co. (NASDAQ:LKQ)

Yousif Capital Management LLC lowered its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,099 shares of the auto parts company’s stock after selling 856 shares during the period. Yousif Capital Management LLC’s holdings in LKQ were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LKQ. Blue Trust Inc. raised its holdings in LKQ by 25.9% during the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 585 shares during the last quarter. Principal Securities Inc. grew its position in shares of LKQ by 20.1% in the 4th quarter. Principal Securities Inc. now owns 10,161 shares of the auto parts company’s stock valued at $373,000 after purchasing an additional 1,700 shares during the period. Allworth Financial LP boosted its position in LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after acquiring an additional 1,089 shares during the last quarter. Sanctuary Advisors LLC boosted its position in LKQ by 13.5% during the 4th quarter. Sanctuary Advisors LLC now owns 38,292 shares of the auto parts company’s stock worth $1,464,000 after acquiring an additional 4,567 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of LKQ by 657.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,733 shares of the auto parts company’s stock valued at $247,000 after buying an additional 5,844 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and an average price target of $52.60.

LKQ Trading Down 0.2%

Shares of LKQ stock opened at $38.04 on Tuesday. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $46.64. The firm has a market cap of $9.82 billion, a PE ratio of 14.52 and a beta of 0.98. The stock has a fifty day moving average price of $40.30 and a 200-day moving average price of $39.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.15%. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total transaction of $632,250.00. Following the sale, the director now directly owns 321,135 shares in the company, valued at $13,535,840.25. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Justin L. Jude bought 2,708 shares of the company’s stock in a transaction on Friday, April 25th. The stock was bought at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the acquisition, the chief executive officer now directly owns 280,777 shares of the company’s stock, valued at approximately $10,385,941.23. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.55% of the company’s stock.

LKQ 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.