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 the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the transaction, the director now directly owns 321,135 shares of the company's stock, valued at $13,535,840.25. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

LKQ Trading Down 2.1 %

Shares of LKQ stock traded down $0.89 on Friday, reaching $41.29. The company had a trading volume of 3,708,560 shares, compared to its average volume of 2,234,234. The stock has a market cap of $10.68 billion, a PE ratio of 15.76 and a beta of 1.09. The company has a 50-day moving average of $40.52 and a 200-day moving average of $39.03. The company has a current ratio of 1.71, a quick ratio of 0.67 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 $52.06.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. On average, equities analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

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LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. LKQ's dividend payout ratio is currently 45.80%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LKQ. JPMorgan Chase & Co. increased their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Finally, Barrington Research restated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ currently has an average rating of "Buy" and a consensus target price of $52.60.

Institutional Trading of LKQ

A number of hedge funds have recently modified their holdings of LKQ. Cromwell Holdings LLC raised its holdings in LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 332 shares in the last quarter. CENTRAL TRUST Co grew its position in LKQ by 618.0% during the 4th 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. Wilmington Savings Fund Society FSB acquired a new position in LKQ in the 3rd quarter worth about $81,000. Allworth Financial LP raised its position in LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of LKQ by 25.9% during the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds 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.