LKQ Co. (NASDAQ:LKQ) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in LKQ Co. (NASDAQ:LKQ) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,228,537 shares of the auto parts company’s stock after buying an additional 11,838 shares during the quarter. Federated Hermes Inc. owned 0.46% of LKQ worth $58,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LKQ. OFI Invest Asset Management bought a new stake in shares of LKQ in the 3rd quarter worth about $26,000. CVA Family Office LLC bought a new stake in shares of LKQ in the 4th quarter worth about $26,000. Clear Street Markets LLC increased its position in shares of LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 241 shares during the last quarter. Covestor Ltd increased its position in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

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

LKQ Price Performance

LKQ opened at $49.12 on Friday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 14.03 and a beta of 1.28. LKQ Co. has a fifty-two week low of $41.49 and a fifty-two week high of $59.38. The company’s 50-day moving average price is $51.22 and its 200 day moving average price is $48.36. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results 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 net margin of 6.75% and a return on equity of 17.24%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the business earned $0.78 earnings per share. LKQ’s revenue was up 16.7% compared to the same quarter last year. As a group, sell-side analysts expect that LKQ Co. will post 4.07 earnings per share for the current year.

LKQ Dividend Announcement

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

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.