Cibc World Markets Corp Purchases 5,254 Shares of LKQ Co. (NASDAQ:LKQ)

Cibc World Markets Corp increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,177 shares of the auto parts company’s stock after purchasing an additional 5,254 shares during the period. Cibc World Markets Corp’s holdings in LKQ were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora boosted its position in shares of LKQ by 0.7% during the fourth 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 boosted its holdings in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares during the period. Cromwell Holdings LLC grew its position in 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 acquiring an additional 332 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in LKQ by 9.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 412 shares during the period. Finally, Cornerstone Investment Partners LLC lifted its position in shares of LKQ by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company’s stock worth $455,000 after purchasing an additional 423 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $1,416,300. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LKQ has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $52.60.

LKQ Trading Down 1.4 %

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

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

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.97%. LKQ’s dividend payout ratio (DPR) is presently 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.