LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 15,000 Shares

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 15,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the sale, the director now directly owns 321,135 shares of the company’s stock, valued at approximately $13,535,840.25. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

LKQ Trading Up 1.0 %

LKQ opened at $42.97 on Wednesday. The firm’s 50 day moving average is $40.30 and its 200-day moving average is $39.00. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.15. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $11.11 billion, a P/E ratio of 16.40 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion for 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%. Analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

LKQ has been the subject of a number of research reports. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price target 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ has a consensus rating of “Buy” and an average price target of $52.60.

Institutional Investors Weigh In On LKQ

A number of hedge funds have recently bought and sold shares of LKQ. Cromwell Holdings LLC boosted its stake in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after buying an additional 332 shares during the last quarter. CENTRAL TRUST Co raised its holdings in LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LKQ in the third quarter valued at $81,000. Allworth Financial LP boosted its stake in LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in LKQ by 25.9% during the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock worth $105,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

About LKQ

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.