LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 10,000 Shares

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the transaction, the director now directly owns 359,462 shares of the company’s stock, valued at approximately $14,975,186.92. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

LKQ Trading Down 3.0 %

Shares of NASDAQ LKQ opened at $40.49 on Friday. The business’s 50 day moving average price is $37.63 and its 200-day moving average price is $38.76. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 15.11 and a beta of 1.29. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. On average, sell-side analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.96%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LKQ. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

Institutional Trading of LKQ

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new stake in LKQ during the 3rd quarter valued at $25,000. Cromwell Holdings LLC boosted its position in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 332 shares in the last quarter. Allworth Financial LP boosted its position in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares in the last quarter. Private Trust Co. NA boosted its position in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in LKQ during the 3rd quarter valued at $57,000. Institutional investors own 95.63% 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.