LKQ Co. (NASDAQ:LKQ) Director Sells $190,100.00 in Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the sale, the director now directly owns 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

LKQ Stock Up 3.2 %

LKQ opened at $39.34 on Friday. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 15.02 and a beta of 1.09. The firm has a 50 day moving average price of $41.18 and a 200-day moving average price of $39.14. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64. 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 (NASDAQ:LKQ) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, May 15th. LKQ’s payout ratio is currently 44.78%.

Hedge Funds Weigh In On LKQ

Institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LKQ during the 4th quarter worth $165,548,000. EdgePoint Investment Group Inc. purchased a new position in LKQ during the fourth quarter valued at $160,339,000. Norges Bank bought a new stake in LKQ during the fourth quarter valued at about $119,395,000. Clarkston Capital Partners LLC purchased a new stake in LKQ in the fourth quarter worth about $91,678,000. Finally, Eminence Capital LP bought a new position in shares of LKQ in the fourth quarter worth about $68,944,000. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LKQ shares. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. JPMorgan Chase & Co. increased their price target on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.