Motley Fool Asset Management LLC Acquires 553 Shares of LKQ Co. (NASDAQ:LKQ)

Motley Fool Asset Management LLC increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,775 shares of the auto parts company’s stock after acquiring an additional 553 shares during the period. Motley Fool Asset Management LLC’s holdings in LKQ were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cromwell Holdings LLC increased its position in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after buying an additional 332 shares in the last quarter. CENTRAL TRUST Co raised its holdings in LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after buying an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LKQ in the third quarter worth approximately $81,000. Allworth Financial LP increased its position in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in LKQ by 25.9% in the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock worth $105,000 after acquiring an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the sale, the director now directly owns 321,135 shares in the company, valued at approximately $13,535,840.25. The trade was a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 45,000 shares of company stock valued at $1,864,350. Corporate insiders own 0.55% of the company’s stock.

LKQ Trading Down 2.1 %

NASDAQ:LKQ opened at $41.29 on Friday. LKQ Co. has a one year low of $35.56 and a one year high of $52.06. The business has a fifty day moving average price of $40.52 and a 200-day moving average price of $39.06. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. Sell-side analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date was Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $52.60.

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.