106,835 Shares in LKQ Co. (NASDAQ:LKQ) Acquired by Access Investment Management LLC

Access Investment Management LLC bought a new stake in shares of LKQ Co. (NASDAQ:LKQFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 106,835 shares of the auto parts company’s stock, valued at approximately $5,106,000. LKQ comprises 1.9% of Access Investment Management LLC’s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of LKQ. CVA Family Office LLC purchased a new stake in shares of LKQ in the 4th quarter worth $26,000. OFI Invest Asset Management purchased a new stake in LKQ in the third quarter worth about $26,000. Private Trust Co. NA raised its stake in shares of LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares during the period. Headinvest LLC purchased a new position in shares of LKQ during the 3rd quarter valued at about $34,000. Finally, NBC Securities Inc. bought a new position in shares of LKQ during the 3rd quarter valued at approximately $34,000. 95.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LKQ shares. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Roth Mkm restated a “buy” rating and set a $65.00 target price on shares of LKQ in a research note on Tuesday, April 23rd. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, April 19th. JPMorgan Chase & Co. dropped their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Robert W. Baird cut their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Get Our Latest Stock Report on LKQ

LKQ Price Performance

Shares of LKQ stock traded down $0.11 during trading on Friday, reaching $44.21. 828,637 shares of the stock traded hands, compared to its average volume of 2,379,252. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 14.35 and a beta of 1.33. LKQ Co. has a 52-week low of $41.30 and a 52-week high of $59.38. The business has a fifty day simple moving average of $49.16 and a two-hundred day simple moving average of $47.76.

LKQ (NASDAQ:LKQGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. Sell-side analysts expect that LKQ Co. will post 3.94 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. LKQ’s payout ratio is currently 38.96%.

LKQ Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQFree Report).

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.