Susquehanna Fundamental Investments LLC Takes $6.11 Million Position in LKQ Co. (NASDAQ:LKQ)

Susquehanna Fundamental Investments LLC acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) during the 4th quarter, Holdings Channel reports. The fund acquired 166,145 shares of the auto parts company’s stock, valued at approximately $6,106,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new position in shares of LKQ during the 4th quarter worth $165,548,000. Norges Bank bought a new position in LKQ in the fourth quarter worth approximately $119,395,000. Clarkston Capital Partners LLC bought a new stake in LKQ during the 4th quarter valued at $91,678,000. Invesco Ltd. increased its holdings in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company’s stock valued at $204,739,000 after acquiring an additional 1,171,481 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of LKQ during the 4th quarter worth $40,363,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Dominick P. Zarcone sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the transaction, the director now directly owns 359,462 shares in the company, valued at $14,975,186.92. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Justin L. Jude purchased 2,708 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer now owns 280,777 shares of the company’s stock, valued at $10,385,941.23. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 45,000 shares of company stock valued at $1,864,350 in the last quarter. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Up 0.4 %

Shares of LKQ stock opened at $37.41 on Monday. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The firm has a market capitalization of $9.67 billion, a PE ratio of 14.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The stock’s 50-day simple moving average is $41.46 and its 200-day simple moving average is $39.18.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. Equities analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.21%. LKQ’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Monday, April 21st. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, LKQ currently has an average rating of “Moderate Buy” and an average price target of $52.60.

LKQ Company 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.