LKQ Co. (NASDAQ:LKQ) Holdings Lowered by Leuthold Group LLC

Leuthold Group LLC reduced its position in LKQ Co. (NASDAQ:LKQ) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,115 shares of the auto parts company’s stock after selling 405 shares during the period. Leuthold Group LLC’s holdings in LKQ were worth $5,080,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LKQ. CVA Family Office LLC bought a new stake in LKQ in the 4th quarter valued at $26,000. Private Trust Co. NA raised its position in shares of LKQ by 228.4% in 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. Headinvest LLC acquired a new stake in shares of LKQ in the 3rd quarter valued at approximately $34,000. Bruce G. Allen Investments LLC acquired a new stake in LKQ during the 4th quarter worth approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after buying an additional 225 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of NASDAQ:LKQ traded up $1.21 during trading on Friday, hitting $43.87. 452,298 shares of the stock were exchanged, compared to its average volume of 1,746,884. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. LKQ Co. has a 12-month low of $39.72 and a 12-month high of $59.24. The company has a market cap of $11.70 billion, a PE ratio of 13.85 and a beta of 1.29. The company has a fifty day moving average price of $42.53 and a two-hundred day moving average price of $46.81.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company posted $1.04 earnings per share. On average, analysts forecast that LKQ Co. will post 3.93 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Buying and Selling

In other news, Director Xavier Urbain sold 867 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the transaction, the director now owns 15,606 shares in the company, valued at approximately $694,467. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

LKQ has been the subject of several recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. 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 note on Wednesday, April 24th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ 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.