LKQ Co. (NASDAQ:LKQ) Shares Purchased by Access Investment Management LLC

Access Investment Management LLC boosted its holdings in LKQ Co. (NASDAQ:LKQ) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,795 shares of the auto parts company’s stock after acquiring an additional 12,130 shares during the period. LKQ accounts for about 1.5% of Access Investment Management LLC’s portfolio, making the stock its 23rd largest holding. Access Investment Management LLC’s holdings in LKQ were worth $5,064,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LKQ. Pacer Advisors Inc. lifted its stake in LKQ by 112.9% during the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after purchasing an additional 22,575 shares in the last quarter. Nordea Investment Management AB lifted its stake in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in LKQ during the third quarter worth $634,000. Ninety One UK Ltd increased its position in shares of LKQ by 28.5% during the fourth quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock worth $30,613,000 after acquiring an additional 184,710 shares during the period. Finally, Quantbot Technologies LP increased its position in shares of LKQ by 27,310.6% during the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after acquiring an additional 64,180 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Thursday. Finally, StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, LKQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.60.

LKQ Stock Performance

NASDAQ:LKQ opened at $40.49 on Friday. The firm has a market capitalization of $10.53 billion, a PE ratio of 15.45 and a beta of 1.29. The business’s fifty day moving average price is $37.63 and its 200 day moving average price is $38.76. 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 Co. has a 12 month low of $35.56 and a 12 month high of $53.68.

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

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.96%. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 20,000 shares of company stock valued at $781,500 in the last three months. 0.55% of the stock is currently owned by company insiders.

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.