Dominick P. Zarcone Sells 15,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ - Get Free Report) 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 value of $634,800.00. Following the transaction, the director now directly owns 336,135 shares in the company, valued at $14,225,233.20. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

LKQ Stock Performance

Shares of LKQ stock traded up $0.63 during trading on Friday, hitting $43.38. The company's stock had a trading volume of 2,875,306 shares, compared to its average volume of 2,363,480. The company has a market cap of $11.24 billion, a PE ratio of 16.56 and a beta of 1.28. 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 business has a fifty day moving average of $38.69 and a 200-day moving average of $38.94. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68.

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

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LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given 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 2.77%. LKQ's dividend payout ratio is currently 45.80%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted 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. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. Finally, StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, LKQ has a consensus rating of "Moderate Buy" and an average price target of $52.60.

Institutional Investors Weigh In On LKQ

Institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. bought a new position in shares of LKQ in the fourth quarter worth $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in LKQ during the fourth quarter valued at about $160,339,000. Norges Bank bought a new stake in LKQ during the fourth quarter worth about $119,395,000. Clarkston Capital Partners LLC purchased a new stake in LKQ in the fourth quarter worth approximately $91,678,000. Finally, Eminence Capital LP purchased a new stake in LKQ in the fourth quarter worth approximately $68,944,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Company Profile

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.