CANADA LIFE ASSURANCE Co Has $9.64 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

CANADA LIFE ASSURANCE Co lessened its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,527 shares of the auto parts company's stock after selling 72,118 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of LKQ worth $9,642,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Virtu Financial LLC boosted its holdings in shares of LKQ by 226.3% in the 3rd quarter. Virtu Financial LLC now owns 22,363 shares of the auto parts company's stock valued at $893,000 after buying an additional 15,509 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LKQ in the 3rd quarter valued at about $81,000. Tidal Investments LLC increased its stake in shares of LKQ by 3.0% during the 3rd quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company's stock worth $1,317,000 after purchasing an additional 947 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of LKQ by 11.6% in the 3rd quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company's stock valued at $608,000 after purchasing an additional 1,588 shares during the period. Finally, Franklin Resources Inc. lifted its stake in LKQ by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 519,232 shares of the auto parts company's stock valued at $20,401,000 after purchasing an additional 43,541 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

Analyst Ratings Changes

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

LKQ Price Performance

Shares of NASDAQ LKQ opened at $41.21 on Tuesday. The business's 50 day moving average is $41.41 and its 200-day moving average is $39.14. The firm has a market cap of $10.65 billion, a P/E ratio of 15.73 and a beta of 1.09. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $49.50. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

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

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 45,000 shares of company stock worth $1,864,350 in the last quarter. Corporate insiders own 0.55% of the company's stock.

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.

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