LKQ Co. (NASDAQ:LKQ) Director Sells $416,600.00 in Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $41.66, for a total value of $416,600.00. Following the transaction, the director now directly owns 359,462 shares of the company’s stock, valued at $14,975,186.92. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

LKQ Stock Down 3.0 %

NASDAQ:LKQ opened at $40.49 on Friday. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 15.45 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $37.63 and its two-hundred day moving average price is $38.76.

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

LKQ Dividend Announcement

The company 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. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.96%. LKQ’s dividend payout ratio (DPR) is currently 45.80%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LKQ currently has an average rating of “Moderate Buy” and a consensus target price of $52.60.

Hedge Funds Weigh In On LKQ

A number of hedge funds and other institutional investors have recently bought and sold shares of LKQ. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ in the third quarter valued at approximately $25,000. Cromwell Holdings LLC raised its stake in LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 332 shares during the period. Allworth Financial LP lifted its holdings in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the last quarter. Private Trust Co. NA boosted its position in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the period. Finally, Kennebec Savings Bank acquired a new position in shares of LKQ in the third quarter valued at $57,000. Institutional investors own 95.63% of the company’s stock.

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.