Ieq Capital LLC Has $500,000 Stake in LKQ Co. (NASDAQ:LKQ)

Ieq Capital LLC increased its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 115.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,595 shares of the auto parts company's stock after buying an additional 7,288 shares during the period. Ieq Capital LLC's holdings in LKQ were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC acquired a new stake in LKQ in the third quarter worth about $25,000. Allworth Financial LP grew its position in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after buying an additional 490 shares during the period. Private Trust Co. NA raised its stake in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after buying an additional 299 shares during the last quarter. Kennebec Savings Bank acquired a new stake in LKQ during the 3rd quarter worth $57,000. Finally, CENTRAL TRUST Co lifted its stake in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 1,440 shares during the period. Institutional investors own 95.63% of the company's stock.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 20,000 shares of company stock valued at $781,500. Company insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LKQ. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

LKQ Trading Up 0.8 %

NASDAQ:LKQ traded up $0.32 on Friday, reaching $42.19. The company's stock had a trading volume of 4,852,108 shares, compared to its average volume of 2,269,864. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The business's 50-day moving average price is $38.13 and its two-hundred day moving average price is $38.85. The firm has a market cap of $10.93 billion, a PE ratio of 16.10 and a beta of 1.29. 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 (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion during 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%. Equities research analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.84%. LKQ's dividend payout ratio is currently 45.80%.

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.