LKQ Co. (NASDAQ:LKQ) Stake Raised by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC raised its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,127 shares of the auto parts company’s stock after acquiring an additional 4,131 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in LKQ were worth $556,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LKQ. Acadian Asset Management LLC increased its stake in LKQ by 676.3% in the 2nd quarter. Acadian Asset Management LLC now owns 6,723 shares of the auto parts company’s stock valued at $278,000 after buying an additional 5,857 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of LKQ by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 784,301 shares of the auto parts company’s stock worth $32,619,000 after acquiring an additional 26,198 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after acquiring an additional 253,639 shares in the last quarter. Amalgamated Bank boosted its position in LKQ by 19.6% during the second quarter. Amalgamated Bank now owns 86,588 shares of the auto parts company’s stock valued at $3,601,000 after purchasing an additional 14,164 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in LKQ by 75.8% in the second quarter. Blair William & Co. IL now owns 7,322 shares of the auto parts company’s stock valued at $305,000 after purchasing an additional 3,156 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 0.2 %

LKQ stock opened at $38.46 on Friday. The company has a market capitalization of $10.00 billion, a P/E ratio of 14.35 and a beta of 1.30. The firm’s fifty day simple moving average is $37.80 and its 200-day simple moving average is $39.45. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Sell-side analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.12%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research reports. Robert W. Baird reduced their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus cut their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $53.80.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the sale, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

LKQ Company 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.