1,240 Shares in LKQ Co. (NASDAQ:LKQ) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new position in shares of LKQ Co. (NASDAQ:LKQ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,240 shares of the auto parts company’s stock, valued at approximately $66,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of LKQ during the fourth quarter valued at approximately $159,324,000. Boston Partners boosted its stake in LKQ by 22.0% during the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock valued at $358,848,000 after buying an additional 1,351,389 shares in the last quarter. Cooke & Bieler LP grew its holdings in LKQ by 95.1% during the fourth quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock worth $114,842,000 after acquiring an additional 1,171,225 shares during the period. Wellington Management Group LLP lifted its holdings in LKQ by 9.5% in the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after acquiring an additional 977,585 shares during the last quarter. Finally, Polaris Capital Management LLC bought a new position in shares of LKQ during the 1st quarter valued at about $36,821,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.55% of the company’s stock.

LKQ Stock Performance

Shares of LKQ traded up $1.02 during trading hours on Tuesday, reaching $44.83. 124,215 shares of the company traded hands, compared to its average volume of 1,736,963. LKQ Co. has a 1-year low of $39.72 and a 1-year high of $59.24. The stock has a market cap of $11.96 billion, a P/E ratio of 14.22 and a beta of 1.29. The stock’s fifty day moving average is $42.51 and its 200 day moving average is $46.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 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 analyst estimates of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Equities research analysts anticipate that LKQ Co. will post 3.93 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ’s payout ratio is 38.96%.

Analyst Ratings Changes

A number of equities analysts recently commented on LKQ shares. 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 reissued a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Robert W. Baird dropped their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, April 19th. One research 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, LKQ currently has a consensus rating of “Moderate Buy” and a consensus 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.