Eagle Rock Investment Company LLC Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Eagle Rock Investment Company LLC bought a new position in LKQ Co. (NASDAQ:LKQ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,319 shares of the auto parts company's stock, valued at approximately $783,000.

Other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock valued at $478,150,000 after purchasing an additional 33,212 shares during the last quarter. State Street Corp increased its position in LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock worth $457,051,000 after buying an additional 134,176 shares during the period. Nordea Investment Management AB lifted its holdings in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after buying an additional 833,519 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company's stock worth $260,330,000 after buying an additional 21,161 shares during the last quarter. Finally, FMR LLC boosted its position in shares of LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock valued at $240,346,000 after acquiring an additional 411,390 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Price Performance

Shares of NASDAQ:LKQ traded up $0.07 during midday trading on Friday, reaching $38.46. 1,801,602 shares of the company's stock were exchanged, compared to its average volume of 2,104,455. The firm has a market capitalization of $10.00 billion, a PE ratio of 14.35 and a beta of 1.30. The company's 50 day simple moving average is $37.80 and its two-hundred day simple moving average is $39.45. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company earned $0.86 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.12%. LKQ's dividend payout ratio is presently 44.78%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus cut their price target on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ currently has an average rating of "Buy" and an average price target of $53.80.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now directly owns 374,462 shares of the company's stock, valued at $13,795,180.08. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by insiders.

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.