Inceptionr LLC Increases Position in LKQ Co. (NASDAQ:LKQ)

Inceptionr LLC boosted its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 131.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,663 shares of the auto parts company's stock after purchasing an additional 17,413 shares during the quarter. Inceptionr LLC's holdings in LKQ were worth $1,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LKQ. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ during the third quarter worth $25,000. Cromwell Holdings LLC increased its position in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after buying an additional 332 shares during the last quarter. Private Trust Co. NA raised its stake in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 299 shares during the period. Kennebec Savings Bank acquired a new stake in shares of LKQ during the 3rd quarter worth about $57,000. Finally, CENTRAL TRUST Co lifted its position in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after acquiring an additional 1,440 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the transaction, the director now owns 336,135 shares in the company, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 35,000 shares of company stock valued at $1,416,300. 0.55% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent 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 lowered LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, LKQ currently has an average rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Trading Up 1.5 %

Shares of NASDAQ LKQ traded up $0.67 during trading on Monday, reaching $44.05. The company had a trading volume of 3,826,625 shares, compared to its average volume of 2,395,994. The stock has a market cap of $11.42 billion, a P/E ratio of 16.81 and a beta of 1.28. The company's fifty day moving average price is $38.69 and its 200-day moving average price is $38.90. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping 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 firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. As a group, research analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.72%. 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.