7,954 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by Allstate Corp

Allstate Corp purchased a new stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,954 shares of the auto parts company's stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC boosted its holdings in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after buying an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LKQ in the third quarter valued at approximately $81,000. Allworth Financial LP increased its position in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of LKQ by 25.9% during the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after acquiring an additional 585 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Stock Performance

LKQ traded down $1.78 during trading hours on Monday, hitting $39.51. The stock had a trading volume of 3,258,058 shares, compared to its average volume of 2,238,313. The stock has a market cap of $10.22 billion, a PE ratio of 15.08 and a beta of 1.09. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $52.06. 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's fifty day simple moving average is $40.53 and its 200 day simple moving average is $39.02.

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LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion for 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%. Equities analysts anticipate that LKQ Co. will post 3.57 earnings per share 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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's payout ratio is currently 45.80%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm'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 value of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. This trade represents a 1.34 % 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. Over the last three months, insiders sold 45,000 shares of company stock worth $1,864,350. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

LKQ 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.