LKQ Co. (NASDAQ:LKQ) Stock Position Raised by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in LKQ Co. (NASDAQ:LKQ) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,183 shares of the auto parts company’s stock after buying an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in LKQ were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LKQ. Cromwell Holdings LLC raised its holdings in LKQ by 81.0% during the fourth 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 stake in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LKQ in the 3rd quarter worth approximately $81,000. Allworth Financial LP boosted its position in LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after purchasing an additional 1,089 shares during the period. Finally, Blue Trust Inc. grew its holdings in LKQ by 25.9% during the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LKQ. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $52.60.

LKQ Trading Up 2.3 %

LKQ stock opened at $42.54 on Tuesday. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 16.24 and a beta of 1.28. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.53. The business has a 50 day moving average price of $40.23 and a two-hundred day moving average price of $38.98.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, equities analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio is 45.80%.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the transaction, the director now directly owns 336,135 shares in the company, valued at $14,225,233.20. This represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 35,000 shares of company stock valued at $1,416,300. 0.55% of the stock is currently owned by corporate insiders.

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.