Creative Financial Designs Inc. ADV Buys 1,196 Shares of LKQ Co. (NASDAQ:LKQ)

Creative Financial Designs Inc. ADV grew its holdings in LKQ Co. (NASDAQ:LKQ) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,485 shares of the auto parts company’s stock after buying an additional 1,196 shares during the period. Creative Financial Designs Inc. ADV’s holdings in LKQ were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its stake in shares of LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after buying an additional 33,212 shares in the last quarter. State Street Corp grew its stake in shares of LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after buying an additional 134,176 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of LKQ by 11.0% during the 4th 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. Geode Capital Management LLC boosted its stake in shares of LKQ by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after purchasing an additional 21,161 shares during the period. Finally, FMR LLC boosted its stake in shares of LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after purchasing an additional 411,390 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

LKQ stock opened at $42.24 on Tuesday. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 16.12 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. The firm has a 50-day moving average of $39.41 and a two-hundred day moving average of $38.92.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS 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 business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. On average, research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm 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 $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. LKQ’s dividend payout ratio is currently 45.80%.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent analyst reports. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.60.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 35,000 shares of company stock worth $1,416,300. 0.55% of the stock is currently owned by corporate 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.