Boston Partners Has $46.86 Million Stake in LKQ Co. (NASDAQ:LKQ)

Boston Partners reduced its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274,577 shares of the auto parts company's stock after selling 20,631 shares during the period. Boston Partners owned approximately 0.49% of LKQ worth $46,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Generali Asset Management SPA SGR acquired a new stake in LKQ in the fourth quarter valued at approximately $1,114,000. Kensington Investment Counsel LLC lifted its holdings in LKQ by 2.1% during the 4th quarter. Kensington Investment Counsel LLC now owns 69,201 shares of the auto parts company's stock worth $2,543,000 after buying an additional 1,443 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of LKQ by 18.6% in the 4th quarter. William Blair Investment Management LLC now owns 12,231 shares of the auto parts company's stock valued at $449,000 after acquiring an additional 1,915 shares during the last quarter. Cibc World Markets Corp boosted its holdings in LKQ by 14.6% in the fourth quarter. Cibc World Markets Corp now owns 41,177 shares of the auto parts company's stock worth $1,513,000 after purchasing an additional 5,254 shares during the period. Finally, Twin Tree Management LP acquired a new stake in shares of LKQ during the fourth quarter worth $9,608,000. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Price Performance

LKQ stock traded up $0.51 during trading hours on Monday, hitting $40.91. 2,034,395 shares of the company traded hands, compared to its average volume of 2,088,661. The firm's 50-day simple moving average is $39.80 and its two-hundred day simple moving average is $38.91. 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 firm has a market cap of $10.60 billion, a P/E ratio of 15.61 and a beta of 1.28. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

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LKQ (NASDAQ:LKQ - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $3.42 billion. As a group, analysts forecast that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.93%. LKQ's dividend payout ratio (DPR) is presently 45.80%.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 35,000 shares of company stock valued at $1,416,300 over the last three months. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

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

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.