LKQ Co. (NASDAQ:LKQ) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,591,553 shares of the auto parts company’s stock after purchasing an additional 48,813 shares during the period. Geode Capital Management LLC owned approximately 2.54% of LKQ worth $241,643,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of LKQ by 112.9% during the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after buying an additional 22,575 shares in the last quarter. Nordea Investment Management AB raised its holdings in LKQ by 11.0% during the fourth 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 in the last quarter. Semanteon Capital Management LP acquired a new stake in LKQ in the fourth quarter worth approximately $367,000. Rehmann Capital Advisory Group bought a new position in LKQ during the 3rd quarter valued at $634,000. Finally, Illinois Municipal Retirement Fund increased its position in shares of LKQ by 58.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock valued at $9,850,000 after purchasing an additional 99,229 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LKQ. JPMorgan Chase & Co. raised their target price on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $52.60.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 45,000 shares of company stock worth $1,864,350. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Performance

Shares of LKQ opened at $41.29 on Friday. The company has a 50-day moving average of $40.52 and a two-hundred day moving average of $39.04. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 15.76 and a beta of 1.28. 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 $52.06.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. On average, equities research analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

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.