Lifeworks Advisors LLC Takes $229,000 Position in LKQ Co. (NASDAQ:LKQ)

Lifeworks Advisors LLC bought a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,239 shares of the auto parts company's stock, valued at approximately $229,000.

Several other hedge funds also recently bought and sold shares of LKQ. Massachusetts Financial Services Co. MA grew its stake in shares of LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock valued at $478,150,000 after buying an additional 33,212 shares in the last quarter. State Street Corp grew its position in LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock valued at $457,051,000 after acquiring an additional 134,176 shares in the last quarter. Nordea Investment Management AB increased its stake in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after purchasing an additional 833,519 shares during the period. Geode Capital Management LLC lifted its position in shares of LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company's stock worth $260,330,000 after purchasing an additional 21,161 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock valued at $240,346,000 after purchasing an additional 411,390 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. Finally, StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $52.60.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction 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 sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 35,000 shares of company stock valued at $1,416,300 over the last ninety days. Insiders own 0.45% of the company's stock.

LKQ Stock Down 2.1 %

Shares of LKQ stock traded down $0.91 on Wednesday, reaching $42.27. 373,819 shares of the stock were exchanged, compared to its average volume of 2,360,239. LKQ Co. has a twelve month low of $35.56 and a twelve month 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 company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 16.19 and a beta of 1.27. The business's 50 day moving average price is $38.98 and its 200 day moving average price is $38.92.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, sell-side analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.30 per share. 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%.

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.