BlackRock Inc. grew its position in shares of LKQ Co. (NASDAQ: LKQ – Get Rating) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,040,628 shares of the auto parts company stock after buying an additional 907,227 shares during the period. BlackRock Inc. owned 0.08% of LKQ worth $ 1,323,099,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of LKQ. Mirae Asset Global Investments Co. Ltd. lifted its holdings in LKQ by 27.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,908 shares of the auto parts company stock worth $ 1,316,000 after purchasing an additional 4,686 shares in the last quarter. Toronto Dominion Bank lifted its holdings in LKQ by 15.4% during the 4th quarter. Toronto Dominion Bank now owns 159,189 shares of the auto parts company stock worth $ 9,556,000 after purchasing an additional 21,235 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in LKQ by 25.8% during the 4th quarter. Zurcher Cantonalbank Zurich Cantonalbank now owns 290,023 shares of the auto parts company stock worth $ 17,410,000 after purchasing an additional 59,522 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in LKQ by 6.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 230,703 shares of the auto parts company stock worth $ 11,603,000 after purchasing an additional 14,051 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new stake in LKQ during the 3rd quarter worth about $ 482,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Patrick Berard sold 702 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $ 49.72, for a total transaction of $ 34,903.44. Following the transaction, the director now directly owns 11,806 shares in the company, valued at approximately $ 586,994.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Holdings LP Valueact sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $ 50.35, for a total value of $ 251,750,000.00. Following the transaction, the director now owns 12,552,751 shares in the company, valued at $ 632,031,012.85. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
Shares of LKQ stock opened at $ 46.94 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $ 13.28 billion, a PE ratio of 12.58 and a beta of 1.45. The business’s 50-day moving average price is $ 49.83 and its 200-day moving average price is $ 51.28. LKQ Co. has a 12 month low of $ 42.36 and a 12 month high of $ 60.43.
LKQ (NASDAQ: LKQ – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The auto parts company reported $ 1.00 EPS for the quarter, beating the consensus estimate of $ 0.91 by $ 0.09. The firm had revenue of $ 3.35 billion for the quarter, compared to analyst estimates of $ 3.29 billion. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The company revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $ 0.94 EPS. As a group, analysts predict that LKQ Co. will post 3.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th were given a dividend of $ 0.25 per share. The ex-dividend date was Wednesday, May 18th. This represents a $ 1.00 annualized dividend and a dividend yield of 2.13%. LKQ’s dividend payout ratio (DPR) is presently 26.81%.
LKQ has been the topic of a number of research analyst reports. Barrington Research upgraded LKQ from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 28th. StockNews.com upgraded LKQ from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 30th. Finally, Raymond James decreased their target price on LKQ from $ 62.00 to $ 59.00 in a research note on Monday, April 11th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $ 63.00.
About LKQ: (Get Rating)
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; by 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.
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