33,202 Shares in LKQ Co. (NASDAQ:LKQ) Bought by ING Groep NV

ING Groep NV acquired a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,202 shares of the auto parts company's stock, valued at approximately $1,220,000.

A number of other hedge funds also recently made changes to their positions in LKQ. OLD Second National Bank of Aurora raised its stake in LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock valued at $1,623,000 after acquiring an additional 287 shares during the period. Private Trust Co. NA increased its holdings in shares of 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 purchasing an additional 299 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock worth $4,118,000 after buying an additional 306 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of LKQ by 9.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock worth $178,000 after buying an additional 412 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in LKQ by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company's stock valued at $279,000 after buying an additional 485 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Monday, February 3rd. The stock was 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 approximately $13,352,356.68. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 20,000 shares of company stock worth $781,500. Insiders own 0.55% of the company's stock.

LKQ Price Performance

LKQ stock traded up $0.11 during mid-day trading on Thursday, hitting $41.87. The stock had a trading volume of 3,539,218 shares, compared to its average volume of 2,201,911. The firm has a fifty day simple moving average of $37.91 and a 200 day simple moving average of $38.81. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $10.85 billion, a P/E ratio of 15.98 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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 analyst estimates of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, research analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. LKQ's dividend payout ratio is currently 45.80%.

Analysts Set New Price Targets

Several brokerages have issued reports on LKQ. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

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.