Connable Office Inc. Buys Shares of 5,530 LKQ Co. (NASDAQ:LKQ)

Connable Office Inc. bought a new stake in LKQ Co. (NASDAQ:LKQ) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,530 shares of the auto parts company’s stock, valued at approximately $203,000.

Several other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of LKQ by 29.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,090 shares of the auto parts company’s stock worth $922,000 after purchasing an additional 5,286 shares during the last quarter. Allworth Financial LP increased its position in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of LKQ by 28.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,533 shares of the auto parts company’s stock worth $990,000 after purchasing an additional 5,394 shares during the last quarter. Strategic Blueprint LLC acquired a new position in shares of LKQ during the 3rd quarter worth approximately $268,000. Finally, Diversify Wealth Management LLC increased its position in shares of LKQ by 22.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 9,929 shares of the auto parts company’s stock worth $375,000 after purchasing an additional 1,789 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $42.19 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The stock’s fifty day moving average price is $38.13 and its two-hundred day moving average price is $38.85. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 16.10 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. 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 2.84%. LKQ’s payout ratio is 45.80%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the completion of the sale, the director now directly owns 359,462 shares in the company, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 20,000 shares of company stock worth $781,500. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LKQ has been the topic of several recent analyst reports. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.