Invesco Ltd. Has $204.74 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Invesco Ltd. increased its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,571,136 shares of the auto parts company's stock after acquiring an additional 1,171,481 shares during the period. Invesco Ltd. owned about 2.14% of LKQ worth $204,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its position in LKQ by 956.3% during the fourth quarter. Cerity Partners LLC now owns 213,133 shares of the auto parts company's stock valued at $7,879,000 after purchasing an additional 192,955 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of LKQ by 6.4% in the 4th quarter. Federated Hermes Inc. now owns 1,432,447 shares of the auto parts company's stock valued at $52,642,000 after buying an additional 86,186 shares during the last quarter. Clarkston Capital Partners LLC bought a new position in shares of LKQ in the fourth quarter valued at $91,678,000. Russell Investments Group Ltd. increased its holdings in LKQ by 16.7% during the fourth quarter. Russell Investments Group Ltd. now owns 630,314 shares of the auto parts company's stock worth $23,150,000 after buying an additional 90,098 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in LKQ during the fourth quarter worth $2,970,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price 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 reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. Finally, StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $52.60.

Insider Buying and Selling at LKQ

In other news, 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. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 45,000 shares of company stock valued at $1,864,350. 0.47% of the stock is currently owned by company insiders.

LKQ Price Performance

Shares of NASDAQ LKQ traded up $0.36 during mid-day trading on Thursday, reaching $41.74. The company had a trading volume of 623,161 shares, compared to its average volume of 2,268,703. The business's 50-day simple moving average is $41.16 and its 200 day simple moving average is $39.10. LKQ Co. has a one year low of $35.56 and a one year high of $49.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 15.93 and a beta of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. On average, research analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's payout ratio is presently 45.80%.

LKQ 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.