M&T Bank Corp Purchases 911 Shares of LKQ Co. (NASDAQ:LKQ)

M&T Bank Corp increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 2.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 44,559 shares of the auto parts company’s stock after acquiring an additional 911 shares during the quarter. M&T Bank Corp’s holdings in LKQ were worth $2,129,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of LKQ by 1.3% during the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock worth $1,497,478,000 after acquiring an additional 382,054 shares during the last quarter. Wellington Management Group LLP increased its position in LKQ by 5.5% during the 3rd quarter. Wellington Management Group LLP now owns 10,330,168 shares of the auto parts company’s stock valued at $511,447,000 after purchasing an additional 540,259 shares during the period. Morgan Stanley lifted its position in shares of LKQ by 13.7% in the 3rd quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after purchasing an additional 1,195,122 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of LKQ by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,002,807 shares of the auto parts company’s stock valued at $430,244,000 after purchasing an additional 383,031 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of LKQ by 2.0% during the fourth quarter. Nordea Investment Management AB now owns 7,292,994 shares of the auto parts company’s stock worth $349,407,000 after buying an additional 143,632 shares during the period. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LKQ shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Robert W. Baird lowered their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Roth Mkm reissued a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their price target 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. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, LKQ currently has an average rating of “Moderate Buy” and an average target price of $61.60.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

LKQ Stock Down 1.1 %

Shares of NASDAQ:LKQ opened at $43.95 on Thursday. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 14.27 and a beta of 1.33. LKQ Co. has a one year low of $41.30 and a one year high of $59.38. The firm has a fifty day moving average price of $49.48 and a two-hundred day moving average price of $47.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68.

LKQ (NASDAQ:LKQ) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share 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%. LKQ’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Analysts anticipate that LKQ Co. will post 3.94 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s dividend payout ratio is currently 38.96%.

LKQ Company 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.