Victory Capital Management Inc. Purchases 136,382 Shares of LKQ Co. (NASDAQ:LKQ)

Victory Capital Management Inc. grew its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,689,298 shares of the auto parts company's stock after purchasing an additional 136,382 shares during the period. Victory Capital Management Inc. owned approximately 0.65% of LKQ worth $62,082,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. OLD Second National Bank of Aurora grew its position in LKQ by 0.7% during 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 purchasing an additional 287 shares during the last quarter. Private Trust Co. NA lifted its stake 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 worth $50,000 after buying an additional 299 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock valued at $4,118,000 after buying an additional 306 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of LKQ by 81.0% during the fourth 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. Finally, Exchange Traded Concepts LLC increased its position in shares of LKQ by 9.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock valued at $178,000 after acquiring an additional 412 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

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Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the transaction, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $1,416,300. Insiders own 0.55% of the company's stock.

LKQ Stock Performance

LKQ traded down $0.87 during mid-day trading on Tuesday, reaching $43.18. 2,890,943 shares of the company traded hands, compared to its average volume of 2,406,744. The stock has a market capitalization of $11.19 billion, a P/E ratio of 16.48 and a beta of 1.28. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The company's fifty day moving average price is $38.85 and its 200-day moving average price is $38.92.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its 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 company 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%. On average, sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.78%. LKQ's dividend payout ratio (DPR) is 45.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LKQ shares. JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, LKQ has an average rating of "Moderate Buy" and an average target price of $52.60.

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.