9,996 Shares in LKQ Co. (NASDAQ:LKQ) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in LKQ Co. (NASDAQ:LKQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,996 shares of the auto parts company’s stock, valued at approximately $367,000.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of LKQ by 112.9% in 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 during the last quarter. Nordea Investment Management AB boosted its position 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 valued at $309,609,000 after acquiring an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in LKQ during the third quarter valued at $634,000. Illinois Municipal Retirement Fund boosted its position in LKQ by 58.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock valued at $9,850,000 after acquiring an additional 99,229 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in LKQ by 27,310.6% during the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after acquiring an additional 64,180 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $40.40 on Friday. The firm’s 50-day moving average price is $39.80 and its 200-day moving average price is $38.95. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm has a market capitalization of $10.47 billion, a P/E ratio of 15.42 and a beta of 1.28. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

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

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued 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 2.97%. LKQ’s dividend payout ratio is presently 45.80%.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 15,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the sale, the director now owns 336,135 shares in the company, valued at $14,225,233.20. This represents a 4.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 35,000 shares of company stock worth $1,416,300 in the last quarter. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LKQ. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ presently has a consensus rating of “Buy” and an average target price of $52.60.

LKQ Company 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.