Bryce Point Capital LLC Purchases New Holdings in LKQ Co. (NASDAQ:LKQ)

Bryce Point Capital LLC bought a new position in LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,315 shares of the auto parts company's stock, valued at approximately $563,000.

A number of other large investors also recently modified their holdings of LKQ. State Street Corp increased its stake 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 valued at $457,051,000 after buying an additional 134,176 shares during the period. Nordea Investment Management AB raised its holdings in LKQ by 11.0% during 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 during the last quarter. Geode Capital Management LLC lifted its position in LKQ by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after purchasing an additional 48,813 shares during the period. Norges Bank bought a new position in shares of LKQ in the 4th quarter valued at about $119,395,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of LKQ by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,572,676 shares of the auto parts company's stock worth $94,546,000 after buying an additional 84,244 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Trading Up 1.4 %

LKQ stock traded up $0.56 during mid-day trading on Tuesday, hitting $40.07. 815,960 shares of the company's stock were exchanged, compared to its average volume of 2,232,841. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week 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 firm has a market capitalization of $10.36 billion, a P/E ratio of 15.33 and a beta of 1.09. The company's 50 day simple moving average is $40.53 and its 200-day simple moving average is $39.02.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data 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. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. On average, equities analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's payout ratio is presently 45.80%.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,864,350. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

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