OLD Second National Bank of Aurora Acquires 857 Shares of LKQ Co. (NASDAQ:LKQ)

OLD Second National Bank of Aurora raised its holdings in LKQ Co. (NASDAQ:LKQ) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,777 shares of the auto parts company’s stock after buying an additional 857 shares during the quarter. OLD Second National Bank of Aurora’s holdings in LKQ were worth $2,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Street Markets LLC raised its stake in shares of LKQ by 94.1% in the first 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 last quarter. CVA Family Office LLC purchased a new position in shares of LKQ in the fourth quarter worth $26,000. OFI Invest Asset Management purchased a new position in shares of LKQ in the third quarter worth $26,000. Covestor Ltd raised its stake in shares of LKQ by 81.1% in the first 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 last quarter. Finally, 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 purchasing an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LKQ. JPMorgan Chase & Co. decreased their price target on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday, February 22nd. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.50.

Insider Buying and Selling at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 at this link. Company insiders own 0.55% of the company’s stock.

LKQ Stock Performance

NASDAQ:LKQ traded up $0.90 during mid-day trading on Thursday, hitting $48.81. 358,061 shares of the company traded hands, compared to its average volume of 1,515,442. The stock’s fifty day moving average price is $51.17 and its 200-day moving average price is $48.36. LKQ Co. has a one year low of $41.49 and a one year high of $59.38. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 13.69 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Research analysts anticipate that LKQ Co. will post 4.08 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. LKQ’s dividend payout ratio (DPR) 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.