Charles Schwab Investment Management Inc. Has $94.55 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Charles Schwab Investment Management Inc. grew its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,572,676 shares of the auto parts company's stock after purchasing an additional 84,244 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of LKQ worth $94,546,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Cromwell Holdings LLC raised its stake in shares of LKQ by 81.0% during 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 in the last quarter. Private Trust Co. NA raised its position in shares of LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after buying an additional 299 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of LKQ in the 3rd quarter worth approximately $57,000. CENTRAL TRUST Co boosted its holdings in shares of LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of LKQ in the third quarter valued at approximately $81,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 35,000 shares of company stock worth $1,416,300. 0.45% of the stock is owned by corporate insiders.

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LKQ Price Performance

Shares of NASDAQ:LKQ traded down $0.84 on Wednesday, reaching $42.34. 247,428 shares of the company traded hands, compared to its average volume of 2,357,907. The stock has a market capitalization of $10.97 billion, a PE ratio of 16.14 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The company's 50 day moving average is $38.98 and its 200-day moving average is $38.92. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

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

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.83%. LKQ's dividend payout ratio is currently 45.80%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barrington Research restated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate 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.