Northern Trust Corp lessened its holdings in shares of LKQ Co. (NASDAQ:LKQ – Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,801,854 shares of the auto parts company’s stock after selling 246,902 shares during the period. Northern Trust Corp owned approximately 1.05% of LKQ worth $133,901,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Cibc World Markets Corp lifted its holdings in shares of LKQ by 40.4% during the 4th quarter. Cibc World Markets Corp now owns 67,501 shares of the auto parts company’s stock valued at $3,226,000 after purchasing an additional 19,411 shares in the last quarter. Homestead Advisers Corp acquired a new stake in LKQ in the 4th quarter valued at approximately $20,583,000. Crossmark Global Holdings Inc. raised its position in LKQ by 2.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,938 shares of the auto parts company’s stock valued at $953,000 after buying an additional 535 shares during the last quarter. Tower Research Capital LLC TRC raised its position in LKQ by 286.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,377 shares of the auto parts company’s stock valued at $2,025,000 after buying an additional 31,410 shares during the last quarter. Finally, First Trust Advisors LP raised its position in LKQ by 11.4% in the 4th quarter. First Trust Advisors LP now owns 601,836 shares of the auto parts company’s stock valued at $28,762,000 after buying an additional 61,743 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.
LKQ Stock Down 0.5 %
NASDAQ:LKQ opened at $42.02 on Tuesday. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 13.64 and a beta of 1.29. LKQ Co. has a twelve month low of $41.30 and a twelve month high of $59.38. The stock’s 50 day moving average price is $45.39 and its two-hundred day moving average price is $47.54. 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 (NASDAQ:LKQ – Get Free Report) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS 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 business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts expect that LKQ Co. will post 3.93 earnings per share for the current fiscal year.
LKQ Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. LKQ’s dividend payout ratio is currently 38.96%.
Insider Transactions at LKQ
In other news, Director Xavier Urbain sold 867 shares of LKQ 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 completion of the transaction, the director now directly owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and issued a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. 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 research report on Wednesday, April 24th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, April 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.