State of Alaska Department of Revenue Boosts Stake in LKQ Corporation (NASDAQ:LKQ)

State of Alaska Department of Revenue lifted its stake in LKQ Corporation (NASDAQ:LKQ) by 2.7% during the first quarter, HoldingsChannel.com reports. The firm owned 30,454 shares of the auto parts company’s stock after purchasing an additional 815 shares during the quarter. State of Alaska Department of Revenue’s holdings in LKQ were worth $1,295,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of LKQ by 299.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 851 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of LKQ by 56.2% in the 1st quarter. Parallel Advisors LLC now owns 1,971 shares of the auto parts company’s stock worth $84,000 after purchasing an additional 709 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of LKQ by 71.3% in the 4th quarter. Bessemer Group Inc. now owns 3,116 shares of the auto parts company’s stock worth $114,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of LKQ in the 4th quarter worth approximately $141,000. 95.63% of the stock is owned by institutional investors.

LKQ Stock Performance

LKQ stock opened at $36.94 on Thursday. The stock has a market capitalization of $9.54 billion, a PE ratio of 13.78 and a beta of 0.98. LKQ Corporation has a 12-month low of $35.56 and a 12-month high of $46.64. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $39.66 and its 200 day simple moving average is $39.48.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. As a group, research analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. LKQ’s dividend payout ratio is presently 44.78%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, LKQ has an average rating of “Moderate Buy” and a consensus price target of $52.60.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the sale, the director now directly owns 321,135 shares in the company, valued at $13,535,840.25. This represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Justin L. Jude acquired 2,708 shares of LKQ stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the completion of the purchase, the chief executive officer now directly owns 280,777 shares in the company, valued at $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.55% of the company’s stock.

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.