Mutual of America Capital Management LLC Sells 727 Shares of LKQ Co. (NASDAQ:LKQ)

Mutual of America Capital Management LLC decreased its position in LKQ Co. (NASDAQ:LKQ) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,107 shares of the auto parts company’s stock after selling 727 shares during the period. Mutual of America Capital Management LLC’s holdings in LKQ were worth $1,875,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in LKQ by 1.3% in the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock valued at $1,497,478,000 after buying an additional 382,054 shares during the period. Wellington Management Group LLP lifted its holdings in shares of LKQ by 9.5% during the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after purchasing an additional 977,585 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of LKQ by 5.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock valued at $537,690,000 after purchasing an additional 626,010 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of LKQ by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock valued at $486,775,000 after purchasing an additional 111,124 shares in the last quarter. Finally, Boston Partners raised its holdings in LKQ by 22.0% during the 4th quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock worth $358,848,000 after buying an additional 1,351,389 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $43.80 on Friday. The company’s fifty day simple moving average is $42.53 and its 200-day simple moving average is $46.77. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a market cap of $11.68 billion, a PE ratio of 14.22 and a beta of 1.29. LKQ Co. has a 12 month low of $39.72 and a 12 month high of $59.24.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. Equities research analysts expect that LKQ Co. will post 3.93 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

Insiders Place Their Bets

In other LKQ news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the sale, the director now directly owns 15,606 shares of the company’s stock, valued at $694,467. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research reports. Robert W. Baird cut their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.60.

About LKQ

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.