Semanteon Capital Management LP Takes Position in LKQ Co. (NASDAQ:LKQ)

Semanteon Capital Management LP acquired a new stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,996 shares of the auto parts company's stock, valued at approximately $367,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora grew its position in shares of LKQ by 0.7% during the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock worth $1,623,000 after acquiring an additional 287 shares during the last quarter. Private Trust Co. NA grew its position in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after purchasing an additional 299 shares during the last quarter. Cromwell Holdings LLC increased its stake in shares of LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 332 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of LKQ by 9.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock valued at $178,000 after buying an additional 412 shares during the last quarter. Finally, Cornerstone Investment Partners LLC boosted its position in shares of LKQ by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock worth $455,000 after buying an additional 423 shares during the period. 95.63% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

LKQ has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted 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. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. Finally, StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has an average rating of "Buy" and a consensus price target of $52.60.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares in the company, valued at $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 35,000 shares of company stock valued at $1,416,300 over the last three months. Insiders own 0.55% of the company's stock.

LKQ Price Performance

LKQ stock traded up $0.21 during midday trading on Wednesday, hitting $40.99. The company's stock had a trading volume of 1,598,859 shares, compared to its average volume of 2,094,649. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $10.62 billion, a PE ratio of 15.65 and a beta of 1.28. The stock's 50-day moving average price is $39.96 and its 200-day moving average price is $38.92.

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

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.93%. 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.