Headlands Technologies LLC Raises Holdings in LKQ Co. (NASDAQ:LKQ)

Headlands Technologies LLC increased its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 267.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,481 shares of the auto parts company's stock after buying an additional 61,476 shares during the period. Headlands Technologies LLC's holdings in LKQ were worth $3,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LKQ. Cromwell Holdings LLC lifted its stake in shares of LKQ by 81.0% in the 4th 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 during the period. CENTRAL TRUST Co lifted its stake in 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 buying an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of LKQ during the 3rd quarter worth approximately $81,000. Allworth Financial LP grew its position in shares of LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after buying an additional 1,089 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of LKQ by 25.9% in the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Down 2.1 %

Shares of LKQ stock traded down $0.89 on Friday, hitting $41.29. The company had a trading volume of 3,708,560 shares, compared to its average volume of 2,234,234. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $52.06. The stock has a 50 day moving average of $40.52 and a 200-day moving average of $39.04.

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LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The business 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%. As a group, sell-side analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective 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 target price on shares of LKQ in a research report on Thursday, February 20th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $52.60.

Insider Activity

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the sale, the director now owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 45,000 shares of company stock valued at $1,864,350 over the last three months. 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.