New Age Alpha Advisors LLC Acquires New Holdings in LKQ Co. (NASDAQ:LKQ)

New Age Alpha Advisors LLC purchased a new position in LKQ Co. (NASDAQ:LKQ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,585 shares of the auto parts company's stock, valued at approximately $3,329,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of LKQ by 112.9% during the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company's stock valued at $1,564,000 after buying an additional 22,575 shares in the last quarter. Nordea Investment Management AB raised its position in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock valued at $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Semanteon Capital Management LP bought a new stake in LKQ during the fourth quarter worth about $367,000. Rehmann Capital Advisory Group purchased a new position in shares of LKQ in the 3rd quarter worth about $634,000. Finally, Illinois Municipal Retirement Fund increased its position in shares of LKQ by 58.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company's stock valued at $9,850,000 after purchasing an additional 99,229 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the sale, the director now directly owns 359,462 shares in the company, valued at approximately $14,975,186.92. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 45,000 shares of company stock worth $1,864,350 in the last 90 days. Insiders own 0.55% of the company's stock.

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LKQ Trading Down 3.6 %

NASDAQ:LKQ traded down $1.57 during midday trading on Thursday, reaching $41.81. 718,817 shares of the stock traded hands, compared to its average volume of 2,512,354. The stock has a market capitalization of $10.81 billion, a P/E ratio of 15.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The company has a fifty day moving average of $40.39 and a 200 day moving average of $39.03. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $52.68.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. On average, research analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.87%. LKQ's dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

LKQ has been the subject of a number of recent research reports. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $52.60.

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.