Everence Capital Management Inc. bought a new position in LKQ Co. (NASDAQ:LKQ – Get Rating) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,180 shares of the auto parts company’s stock, valued at approximately $277,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of LKQ by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 679,895 shares of the auto parts company’s stock worth $32,057,000 after buying an additional 158,306 shares during the period. United Capital Financial Advisers LLC grew its position in shares of LKQ by 4.5% in the 3rd quarter. United Capital Financial Advisers LLC now owns 6,086 shares of the auto parts company’s stock worth $287,000 after buying an additional 264 shares during the period. Jump Financial LLC bought a new position in LKQ in the 3rd quarter worth about $610,000. Oak Family Advisors LLC boosted its stake in LKQ by 18.9% in the 4th quarter. Oak Family Advisors LLC now owns 12,751 shares of the auto parts company’s stock worth $681,000 after purchasing an additional 2,023 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in LKQ by 1.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 36,112 shares of the auto parts company’s stock worth $1,703,000 after purchasing an additional 588 shares in the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at LKQ
In related news, Director Holdings L.P. Valueact sold 450,000 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $57.94, for a total value of $26,073,000.00. Following the completion of the transaction, the director now directly owns 1,102,751 shares of the company’s stock, valued at $63,893,392.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 3,700,295 shares of company stock valued at $211,735,266. 0.55% of the stock is owned by corporate insiders.
LKQ Price Performance
LKQ (NASDAQ:LKQ – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The auto parts company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.06). LKQ had a net margin of 8.98% and a return on equity of 19.31%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $0.87 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, analysts predict that LKQ Co. will post 4.07 EPS for the current year.
LKQ Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Wednesday, March 15th. LKQ’s dividend payout ratio (DPR) is currently 26.76%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on LKQ shares. StockNews.com cut shares of LKQ from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Raymond James upped their price target on shares of LKQ from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. Finally, Roth Capital reiterated a “buy” rating on shares of LKQ in a research note on Tuesday, February 21st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $67.00.
LKQ Profile
LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F.
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