Dominick P. Zarcone Sells 10,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ - Get Free Report) Director Dominick P. Zarcone sold 10,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the sale, the director now owns 359,462 shares in the company, valued at approximately $14,975,186.92. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

LKQ Stock Performance

Shares of LKQ traded up $0.76 during midday trading on Monday, reaching $41.25. The stock had a trading volume of 2,633,581 shares, compared to its average volume of 2,128,122. The firm has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $38.77. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The firm has a market cap of $10.72 billion, a PE ratio of 15.74 and a beta of 1.29. 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 announced its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. As a group, sell-side analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's dividend payout ratio (DPR) is presently 45.80%.

Analysts Set New Price Targets

A number of brokerages recently commented on LKQ. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of LKQ by 3.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,567 shares of the auto parts company's stock worth $1,220,000 after buying an additional 998 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of LKQ by 40.6% during the 3rd quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company's stock worth $94,000 after buying an additional 653 shares during the last quarter. Albert D Mason Inc. lifted its stake in shares of LKQ by 1.8% during the 3rd quarter. Albert D Mason Inc. now owns 31,618 shares of the auto parts company's stock worth $1,262,000 after buying an additional 549 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of LKQ by 3.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 91,386 shares of the auto parts company's stock worth $3,648,000 after buying an additional 3,259 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of LKQ by 29.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,090 shares of the auto parts company's stock worth $922,000 after buying an additional 5,286 shares during the last quarter. Institutional investors own 95.63% 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.