Check Capital Management Inc. CA Grows Stock Position in LKQ Co. (NASDAQ:LKQ)

Check Capital Management Inc. CA grew its position in LKQ Co. (NASDAQ:LKQ) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,233,173 shares of the auto parts company’s stock after acquiring an additional 45,942 shares during the quarter. LKQ accounts for 2.2% of Check Capital Management Inc. CA’s portfolio, making the stock its 6th biggest holding. Check Capital Management Inc. CA owned approximately 0.46% of LKQ worth $58,933,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in LKQ in the 3rd quarter worth approximately $26,000. CVA Family Office LLC purchased a new position in shares of LKQ in the 4th quarter worth approximately $26,000. Clear Street Markets LLC boosted its holdings in shares of LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 241 shares during the period. Covestor Ltd boosted its holdings in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Finally, Private Trust Co. NA boosted its holdings in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 450 shares during the period. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LKQ. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. reduced their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

Insider Activity at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

LKQ Price Performance

LKQ stock traded up $0.54 during mid-day trading on Friday, reaching $49.12. 1,506,365 shares of the company’s stock were exchanged, compared to its average volume of 1,533,127. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 13.94 and a beta of 1.28. The stock’s 50 day moving average is $51.19 and its 200 day moving average is $48.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. LKQ Co. has a 12-month low of $41.49 and a 12-month high of $59.38.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, research analysts expect that LKQ Co. will post 4.07 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. LKQ’s dividend payout ratio is presently 34.29%.

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.