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

Access Investment Management LLC grew its stake in LKQ Co. (NASDAQ:LKQ) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,795 shares of the auto parts company’s stock after buying an additional 12,130 shares during the quarter. LKQ accounts for about 1.5% of Access Investment Management LLC’s portfolio, making the stock its 23rd largest holding. Access Investment Management LLC owned about 0.05% of LKQ worth $5,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. OLD Second National Bank of Aurora lifted its holdings in shares of LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after buying an additional 287 shares during the period. Private Trust Co. NA increased its stake in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of LKQ by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of LKQ by 9.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. The trade was a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 20,000 shares of company stock worth $781,500 in the last ninety days. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LKQ. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, LKQ currently has an average rating of “Moderate Buy” and an average price target of $52.60.

LKQ Price Performance

NASDAQ:LKQ opened at $40.49 on Friday. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The stock has a 50 day moving average of $37.63 and a two-hundred day moving average of $38.76. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The firm has a market cap of $10.53 billion, a P/E ratio of 15.45 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data 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 company had revenue of $3.36 billion during 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, analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal 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 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%.

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.