LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 5,000 Shares

LKQ Co. (NASDAQ:LKQ - Get Free Report) Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares of the company's stock, valued at $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LKQ Stock Performance

LKQ stock traded down $0.51 during trading on Thursday, reaching $36.24. 1,705,315 shares of the company's stock were exchanged, compared to its average volume of 1,977,545. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The firm has a market cap of $9.42 billion, a PE ratio of 13.52 and a beta of 1.29. The company's fifty day moving average price is $37.93 and its 200-day moving average price is $39.79. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company's quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ's payout ratio is currently 44.78%.

Wall Street Analyst Weigh In

LKQ has been the subject of several research reports. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Roth Mkm reiterated a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Finally, StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $53.80.

Hedge Funds Weigh In On LKQ

Hedge funds have recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ during the 3rd quarter valued at $25,000. Rothschild Investment LLC acquired a new position in LKQ in the 2nd quarter worth approximately $33,000. Allworth Financial LP boosted its stake in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC grew its position in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock worth $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after purchasing an additional 278 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.

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