LKQ Co. (NASDAQ:LKQ) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in shares of LKQ Co. (NASDAQ:LKQGet Rating) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,559 shares of the auto parts company’s stock after selling 3,440 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in LKQ were worth $2,135,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LKQ. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in LKQ during the 3rd quarter worth approximately $453,000. IndexIQ Advisors LLC grew its stake in LKQ by 5.2% during the 3rd quarter. IndexIQ Advisors LLC now owns 4,500 shares of the auto parts company’s stock worth $226,000 after buying an additional 224 shares during the last quarter. Allianz Asset Management GmbH grew its stake in LKQ by 69.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 9,094 shares of the auto parts company’s stock worth $458,000 after buying an additional 3,736 shares during the last quarter. US Bancorp DE grew its stake in LKQ by 1.5% during the 3rd quarter. US Bancorp DE now owns 68,808 shares of the auto parts company’s stock worth $3,462,000 after buying an additional 1,034 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in LKQ by 3.5% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 29,436 shares of the auto parts company’s stock worth $1,481,000 after buying an additional 991 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Shares of LKQ stock opened at $48.36 on Friday. The business’s 50 day moving average is $48.06 and its two-hundred day moving average is $52.50. LKQ Co. has a twelve month low of $42.36 and a twelve month high of $60.43. The company has a market capitalization of $13.68 billion, a P/E ratio of 12.97 and a beta of 1.46. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46.

LKQ (NASDAQ:LKQGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The auto parts company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.09. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts predict that LKQ Co. will post 3.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. LKQ’s dividend payout ratio (DPR) is presently 26.81%.

In related news, Director Holdings L.P. Valueact sold 5,000,000 shares of LKQ stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total transaction of $251,750,000.00. Following the completion of the transaction, the director now directly owns 12,552,751 shares of the company’s stock, valued at $632,031,012.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick Berard sold 702 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $49.72, for a total value of $34,903.44. Following the completion of the sale, the director now directly owns 11,806 shares in the company, valued at approximately $586,994.32. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

LKQ has been the topic of a number of research reports. StockNews.com downgraded LKQ from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Raymond James lowered their target price on LKQ from $62.00 to $59.00 in a research note on Monday, April 11th. Finally, Barrington Research upgraded LKQ from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $62.20.

LKQ Profile (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

Further Reading

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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