LKQ Co. (NASDAQ:LKQ) Shares Purchased by Homestead Advisers Corp

Homestead Advisers Corp lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 674,300 shares of the auto parts company's stock after acquiring an additional 25,900 shares during the period. Homestead Advisers Corp owned approximately 0.26% of LKQ worth $24,781,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LKQ. Cromwell Holdings LLC grew its stake in LKQ by 81.0% during 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 last quarter. Private Trust Co. NA boosted its position in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after buying an additional 299 shares during the last quarter. CENTRAL TRUST Co increased its holdings in LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after buying an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in LKQ during the 3rd quarter worth approximately $81,000. Finally, Allworth Financial LP lifted its stake in LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after acquiring an additional 1,089 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

Analyst Ratings Changes

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

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LKQ Price Performance

LKQ stock traded up $0.23 during midday trading on Monday, reaching $41.82. The company had a trading volume of 760,393 shares, compared to its average volume of 2,501,700. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.53. The firm's fifty day simple moving average is $40.14 and its 200-day simple moving average is $38.96. 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 has a market capitalization of $10.84 billion, a P/E ratio of 15.97 and a beta of 1.28.

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

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Thursday, March 13th. LKQ's dividend payout ratio (DPR) is 45.80%.

Insider Activity

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares of the company's stock, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 35,000 shares of company stock worth $1,416,300 over the last ninety days. 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.