Goodman Financial Corp Grows Position in LKQ Co. (NASDAQ:LKQ)

Goodman Financial Corp lifted its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,803 shares of the auto parts company's stock after acquiring an additional 22,162 shares during the quarter. LKQ accounts for 2.4% of Goodman Financial Corp's portfolio, making the stock its 28th largest position. Goodman Financial Corp owned about 0.12% of LKQ worth $11,348,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Semanteon Capital Management LP bought a new position in LKQ in the 4th quarter valued at $367,000. Blueshift Asset Management LLC purchased a new stake in shares of LKQ during the fourth quarter valued at $1,548,000. Xponance Inc. grew its holdings in shares of LKQ by 2.7% in the fourth quarter. Xponance Inc. now owns 38,059 shares of the auto parts company's stock worth $1,399,000 after purchasing an additional 984 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in LKQ in the 4th quarter worth about $1,114,000. Finally, Kensington Investment Counsel LLC lifted its holdings in LKQ by 2.1% during the 4th quarter. Kensington Investment Counsel LLC now owns 69,201 shares of the auto parts company's stock valued at $2,543,000 after buying an additional 1,443 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 0.3 %

LKQ stock traded down $0.13 during trading on Tuesday, hitting $40.78. 3,927,546 shares of the company's stock traded hands, compared to its average volume of 2,088,239. The firm has a market capitalization of $10.57 billion, a P/E ratio of 15.56 and a beta of 1.28. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. 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 business has a fifty day simple moving average of $39.89 and a two-hundred day simple moving average of $38.91.

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LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.42 billion. Sell-side analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

Insider Transactions at LKQ

In other 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 completion of the sale, the director now owns 369,462 shares of the company's stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 35,000 shares of company stock valued at $1,416,300 in the last 90 days. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LKQ shares. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $52.60.

LKQ Company 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.