Dominick P. Zarcone Sells 15,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 15,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the sale, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. This represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

LKQ Price Performance

LKQ stock opened at $43.38 on Friday. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 16.56 and a beta of 1.28. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The company’s fifty day simple moving average is $38.56 and its 200 day simple moving average is $38.92.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. On average, analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued 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 dividend yield of 2.77%. LKQ’s dividend payout ratio is currently 45.80%.

Hedge Funds Weigh In On LKQ

Several institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH acquired a new position in shares of LKQ during the fourth quarter valued at about $519,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of LKQ during the fourth quarter valued at about $12,356,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of LKQ during the fourth quarter valued at about $3,037,000. Vise Technologies Inc. acquired a new position in shares of LKQ during the fourth quarter valued at about $281,000. Finally, Ananym Capital Management LP acquired a new position in shares of LKQ during the fourth quarter valued at about $23,910,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

LKQ has been the topic of several analyst reports. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, LKQ has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

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.