LKQ Co. (NASDAQ:LKQ) Shares Acquired by Czech National Bank

Czech National Bank boosted its position in LKQ Co. (NASDAQ:LKQ) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,365 shares of the auto parts company’s stock after buying an additional 2,737 shares during the quarter. Czech National Bank’s holdings in LKQ were worth $2,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new stake in shares of LKQ during the third quarter worth approximately $45,733,000. Seizert Capital Partners LLC boosted its stake in LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after acquiring an additional 1,086,758 shares during the last quarter. Millennium Management LLC grew its holdings in LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after acquiring an additional 1,046,805 shares in the last quarter. Nordea Investment Management AB increased its position in shares of LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares during the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of LKQ in the 3rd quarter valued at about $19,889,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Up 1.5 %

Shares of LKQ stock opened at $38.39 on Friday. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 14.32 and a beta of 1.30. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $37.80 and its 200-day simple moving average is $39.47.

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

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ 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.