Keynote Financial Services LLC Grows Stake in LKQ Co. (NASDAQ:LKQ)

Keynote Financial Services LLC lifted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 33.4% in the 4th quarter, HoldingsChannel reports. The firm owned 18,052 shares of the auto parts company’s stock after buying an additional 4,518 shares during the quarter. Keynote Financial Services LLC’s holdings in LKQ were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after purchasing an additional 33,212 shares during the last quarter. State Street Corp raised its position in shares of LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares during the period. Nordea Investment Management AB lifted its stake in shares of LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares in the last quarter. Geode Capital Management LLC boosted its holdings in LKQ by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after buying an additional 21,161 shares during the period. Finally, FMR LLC grew its stake in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after buying an additional 411,390 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 20,000 shares of company stock worth $781,500 over the last three months. 0.55% of the stock is owned by insiders.

LKQ Stock Up 0.8 %

LKQ opened at $42.19 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The firm has a market capitalization of $10.93 billion, a P/E ratio of 16.10 and a beta of 1.29. The company has a fifty day moving average price of $38.13 and a 200-day moving average price of $38.85.

LKQ (NASDAQ:LKQ) last posted its earnings results 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. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Equities research analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

Several research firms have issued reports on LKQ. JPMorgan Chase & Co. increased their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 target price 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.