QRG Capital Management Inc. Cuts Position in LKQ Co. (NASDAQ:LKQ)

QRG Capital Management Inc. reduced its holdings in shares of LKQ Co. (NASDAQ:LKQFree Report) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,573 shares of the auto parts company’s stock after selling 11,983 shares during the quarter. QRG Capital Management Inc.’s holdings in LKQ were worth $3,516,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LKQ. OFI Invest Asset Management acquired a new stake in LKQ during the 3rd quarter valued at approximately $26,000. CVA Family Office LLC acquired a new stake in LKQ in the fourth quarter valued at $26,000. Private Trust Co. NA grew its holdings in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 450 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of LKQ in the 3rd quarter worth about $34,000. Finally, Headinvest LLC acquired a new position in LKQ in the third quarter worth about $34,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Up 0.8 %

Shares of NASDAQ LKQ opened at $44.55 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. LKQ Co. has a 12 month low of $41.30 and a 12 month high of $59.38. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 14.46 and a beta of 1.33. The business has a fifty day simple moving average of $49.01 and a 200-day simple moving average of $47.77.

LKQ (NASDAQ:LKQGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts predict that LKQ Co. will post 3.94 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.69%. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, April 19th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Finally, Roth Mkm reissued a “buy” rating and set a $65.00 target price on shares of LKQ in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.60.

View Our Latest Report on LKQ

Insider Buying and Selling at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the sale, the director now directly owns 15,606 shares in the company, valued at $694,467. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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