Cambridge Investment Research Advisors Inc. Has $799,000 Stake in LKQ Corporation (NASDAQ:LKQ)

Cambridge Investment Research Advisors Inc. raised its holdings in LKQ Corporation (NASDAQ:LKQ) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,774 shares of the auto parts company’s stock after purchasing an additional 286 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in LKQ were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LKQ. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of LKQ during the first quarter valued at approximately $321,000. Canton Hathaway LLC acquired a new position in LKQ during the 1st quarter worth $255,000. Praxis Investment Management Inc. acquired a new position in LKQ during the 1st quarter worth $439,000. Osborne Partners Capital Management LLC increased its stake in shares of LKQ by 1.2% in the 1st quarter. Osborne Partners Capital Management LLC now owns 267,021 shares of the auto parts company’s stock valued at $11,359,000 after buying an additional 3,168 shares during the period. Finally, Blue Trust Inc. raised its position in shares of LKQ by 52.9% during the first quarter. Blue Trust Inc. now owns 4,352 shares of the auto parts company’s stock worth $185,000 after acquiring an additional 1,505 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Down 0.2%

NASDAQ:LKQ opened at $38.48 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. LKQ Corporation has a 12-month low of $35.56 and a 12-month high of $46.64. The stock’s fifty day simple moving average is $39.27 and its 200-day simple moving average is $39.51. The firm has a market capitalization of $9.93 billion, a P/E ratio of 14.36 and a beta of 0.95.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. Equities research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced 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 3.12%. LKQ’s payout ratio is 44.78%.

Insider Activity

In other LKQ news, CEO Justin L. Jude bought 2,708 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer owned 280,777 shares in the company, valued at $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total transaction of $190,100.00. Following 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 disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LKQ shares. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, LKQ has an average rating of “Moderate Buy” and an average price target of $52.60.

About LKQ

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.