Access Investment Management LLC Buys 12,130 Shares of LKQ Co. (NASDAQ:LKQ)

Access Investment Management LLC lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 137,795 shares of the auto parts company's stock after purchasing an additional 12,130 shares during the period. LKQ comprises about 1.5% of Access Investment Management LLC's investment portfolio, making the stock its 23rd biggest position. Access Investment Management LLC owned 0.05% of LKQ worth $5,064,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. OLD Second National Bank of Aurora lifted its position in LKQ by 0.7% in the fourth 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 increased 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 during the period. Asset Management One Co. Ltd. raised its holdings in LKQ by 0.3% during the 3rd 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 boosted its position in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in LKQ by 9.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock worth $178,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Trading Up 0.5 %

Shares of LKQ traded up $0.21 during trading hours on Wednesday, reaching $41.75. 2,940,542 shares of the company traded hands, compared to its average volume of 2,165,769. LKQ Co. has a 12 month low of $35.56 and a 12 month 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 $37.81 and its two-hundred day moving average price is $38.79. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 15.93 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share 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 analysts' expectations of $3.42 billion. Equities research analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company 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 $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.87%. LKQ's payout ratio is 45.80%.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 20,000 shares of company stock worth $781,500. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LKQ. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, LKQ presently 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.