1,098,321 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,098,321 shares of the auto parts company's stock, valued at approximately $40,363,000. Raymond James Financial Inc. owned approximately 0.42% of LKQ as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock worth $478,150,000 after purchasing an additional 33,212 shares in the last quarter. State Street Corp boosted its holdings in shares of LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock worth $457,051,000 after purchasing an additional 134,176 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of LKQ by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company's stock worth $260,330,000 after purchasing an additional 21,161 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock worth $240,346,000 after purchasing an additional 411,390 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the transaction, the director now owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. This represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 35,000 shares of company stock valued at $1,416,300 in the last 90 days. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

LKQ has been the subject of a number of research reports. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.60.

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LKQ Trading Down 1.5 %

NASDAQ LKQ opened at $42.54 on Thursday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $38.98 and a 200-day moving average of $38.92. The firm has a market cap of $11.02 billion, a PE ratio of 16.24 and a beta of 1.27.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, sell-side analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's payout ratio is 45.80%.

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.

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