LKQ Corporation (NASDAQ:LKQ) Stock Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 56.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,727 shares of the auto parts company’s stock after selling 175,068 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of LKQ worth $5,875,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in LKQ by 10.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,001 shares of the auto parts company’s stock worth $1,456,000 after purchasing an additional 3,427 shares in the last quarter. Perpetual Ltd boosted its position in shares of LKQ by 40.6% in the first quarter. Perpetual Ltd now owns 290,038 shares of the auto parts company’s stock worth $12,338,000 after buying an additional 83,713 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of LKQ by 5.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 23,634 shares of the auto parts company’s stock valued at $1,005,000 after buying an additional 1,149 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in LKQ by 26.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 127,791 shares of the auto parts company’s stock valued at $5,436,000 after buying an additional 26,904 shares during the period. Finally, Moran Wealth Management LLC acquired a new position in LKQ during the first quarter valued at $7,382,000. 95.63% of the stock is currently owned by institutional investors.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the sale, the director owned 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Justin L. Jude purchased 2,708 shares of LKQ stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $36.99 per share, with a total value of $100,168.92. Following the acquisition, the chief executive officer directly owned 280,777 shares of the company’s stock, valued at $10,385,941.23. This trade 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 Price Performance

Shares of LKQ stock opened at $38.48 on Friday. The firm’s 50 day moving average price is $39.27 and its two-hundred day moving average price is $39.48. The stock has a market cap of $9.93 billion, a PE ratio of 14.36 and a beta of 0.95. LKQ Corporation has a 52-week low of $35.56 and a 52-week high of $46.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.56 and a current ratio of 1.52.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The firm’s revenue was down 6.5% on a year-over-year basis. As a group, analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, May 15th. LKQ’s dividend payout ratio is presently 44.78%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Monday, April 21st. Wall Street Zen lowered LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.60.

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.