Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 146.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,543 shares of the auto parts company’s stock after acquiring an additional 916 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in LKQ were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LKQ. OFI Invest Asset Management purchased a new position in shares of LKQ during the third quarter worth about $26,000. CVA Family Office LLC purchased a new position in shares of LKQ during the fourth quarter worth about $26,000. Clear Street Markets LLC boosted its stake in LKQ by 94.1% in the first quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after buying an additional 241 shares in the last quarter. Covestor Ltd boosted its stake in LKQ by 81.1% in the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after buying an additional 279 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LKQ. JPMorgan Chase & Co. cut their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.50.

LKQ Stock Performance

Shares of LKQ stock opened at $49.12 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.10 billion, a P/E ratio of 14.03 and a beta of 1.28. The business has a fifty day simple moving average of $51.22 and a two-hundred day simple moving average of $48.36. LKQ Co. has a 12 month low of $41.49 and a 12 month high of $59.38.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts forecast that LKQ Co. will post 4.07 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. LKQ’s payout ratio is presently 34.29%.

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.