Illinois Municipal Retirement Fund Reduces Position in LKQ Co. (NASDAQ:LKQ)

Illinois Municipal Retirement Fund lessened its holdings in shares of LKQ Co. (NASDAQ:LKQFree Report) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,264 shares of the auto parts company’s stock after selling 29,412 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in LKQ were worth $9,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Jacobi Capital Management LLC raised its position in shares of LKQ by 1.4% during the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock valued at $865,000 after purchasing an additional 239 shares during the period. Blue Trust Inc. raised its position in shares of LKQ by 30.8% during the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 260 shares during the period. Coldstream Capital Management Inc. raised its position in shares of LKQ by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 269 shares during the period. Threadgill Financial LLC raised its position in shares of LKQ by 1.1% during the 4th quarter. Threadgill Financial LLC now owns 26,650 shares of the auto parts company’s stock valued at $1,274,000 after purchasing an additional 277 shares during the period. Finally, Column Capital Advisors LLC raised its position in shares of LKQ by 16.7% during the 3rd quarter. Column Capital Advisors LLC now owns 2,179 shares of the auto parts company’s stock valued at $108,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is owned by corporate insiders.

LKQ Stock Performance

LKQ stock opened at $41.65 on Wednesday. The company’s 50-day moving average price is $51.21 and its 200-day moving average price is $48.36. LKQ Co. has a twelve month low of $41.46 and a twelve month high of $59.38. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $11.11 billion, a PE ratio of 11.90 and a beta of 1.28.

LKQ (NASDAQ:LKQGet Free Report) last released its quarterly 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). LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. LKQ’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that LKQ Co. will post 4.07 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.88%. LKQ’s dividend payout ratio (DPR) is 34.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LKQ shares. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, April 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Roth Mkm reiterated a “buy” rating and issued a $65.00 price target on shares of LKQ in a report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Robert W. Baird reduced their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.60.

Read Our Latest Analysis on LKQ

About LKQ

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQFree Report).

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.