Fisher Funds Management LTD Invests $2.41 Million in LKQ Co. (NASDAQ:LKQ)

Fisher Funds Management LTD bought a new position in LKQ Co. (NASDAQ:LKQ) during the fourth quarter, Holdings Channel.com reports. The fund bought 65,862 shares of the auto parts company’s stock, valued at approximately $2,405,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new position in shares of LKQ in the third quarter valued at $45,733,000. Seizert Capital Partners LLC grew its holdings in shares of LKQ by 451.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after acquiring an additional 1,086,758 shares during the last quarter. Nordea Investment Management AB raised its position in shares of 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 during the period. Private Management Group Inc. acquired a new stake in shares of LKQ during the third quarter worth $19,889,000. Finally, KBC Group NV lifted its holdings in shares of LKQ by 68.5% during the fourth quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company’s stock valued at $44,492,000 after purchasing an additional 492,356 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Down 3.0 %

Shares of NASDAQ LKQ opened at $40.49 on Monday. 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 Co. has a one year low of $35.56 and a one year high of $53.68. The business has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $38.76. The firm has a market capitalization of $10.53 billion, a PE ratio of 15.45 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LKQ. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday. 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.60.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 10,000 shares of LKQ stock in a transaction dated 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 $14,975,186.92. The trade was a 2.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is owned by 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.