LKQ Co. (NASDAQ:LKQ) Director Sells $184,200.00 in Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

LKQ Stock Up 1.0 %

Shares of NASDAQ LKQ opened at $36.59 on Friday. The company has a market cap of $9.51 billion, a P/E ratio of 13.65 and a beta of 1.30. The firm has a 50-day simple moving average of $37.91 and a two-hundred day simple moving average of $39.76. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. Research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s payout ratio is presently 44.78%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its holdings in shares of LKQ by 3,683.6% in the 2nd quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock worth $11,420,000 after buying an additional 267,320 shares during the period. Oppenheimer & Co. Inc. lifted its stake in LKQ by 28.6% in the second quarter. Oppenheimer & Co. Inc. now owns 65,548 shares of the auto parts company’s stock worth $2,726,000 after acquiring an additional 14,573 shares during the period. Rehmann Capital Advisory Group purchased a new stake in LKQ in the third quarter worth about $634,000. Federated Hermes Inc. grew its holdings in LKQ by 2.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,317,672 shares of the auto parts company’s stock worth $54,802,000 after acquiring an additional 33,459 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in LKQ by 27,310.6% during the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after purchasing an additional 64,180 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent research reports. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ has a consensus rating of “Buy” and an average target price of $53.80.

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.