166,145 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 166,145 shares of the auto parts company's stock, valued at approximately $6,106,000. Susquehanna Fundamental Investments LLC owned about 0.06% of LKQ as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OLD Second National Bank of Aurora lifted its stake in LKQ by 0.7% in the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock valued at $1,623,000 after purchasing an additional 287 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of LKQ by 1.0% during the 4th quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock valued at $1,257,000 after buying an additional 331 shares during the last quarter. Cromwell Holdings LLC grew its stake in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares during the period. MetLife Investment Management LLC increased its holdings in LKQ by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after acquiring an additional 352 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its stake in LKQ by 6.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after acquiring an additional 382 shares during the period. 95.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Barrington Research restated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.60.

Insider Transactions at LKQ

In other news, CEO Justin L. Jude purchased 2,708 shares of the business's stock in a transaction on Friday, April 25th. The stock was acquired at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the purchase, the chief executive officer now directly owns 280,777 shares in the company, valued at $10,385,941.23. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the sale, the director now directly owns 369,462 shares of the company's stock, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock worth $1,864,350. Corporate insiders own 0.55% of the company's stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $37.41 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The firm has a market cap of $9.67 billion, a PE ratio of 14.28 and a beta of 1.09. The business has a 50 day moving average price of $41.46 and a 200-day moving average price of $39.18.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. Equities research analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.21%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.

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