Renaissance Technologies LLC lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 448,160 shares of the auto parts company's stock after acquiring an additional 134,000 shares during the quarter. Renaissance Technologies LLC owned 0.17% of LKQ worth $16,470,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of LKQ. Bank of Nova Scotia increased its holdings in LKQ by 1.0% in the fourth quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock valued at $1,257,000 after buying an additional 331 shares during the last quarter. FIL Ltd grew its position in LKQ by 1,008.7% in the 4th quarter. FIL Ltd now owns 964,923 shares of the auto parts company's stock worth $35,461,000 after purchasing an additional 877,888 shares during the last quarter. Invesco Ltd. increased its position in LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock valued at $204,739,000 after acquiring an additional 1,171,481 shares during the period. Cerity Partners LLC boosted its position in LKQ by 956.3% during the 4th quarter. Cerity Partners LLC now owns 213,133 shares of the auto parts company's stock worth $7,879,000 after acquiring an additional 192,955 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in LKQ by 6.4% in the fourth quarter. Federated Hermes Inc. now owns 1,432,447 shares of the auto parts company's stock worth $52,642,000 after purchasing an additional 86,186 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.
LKQ Trading Up 1.6 %
Shares of LKQ stock traded up $0.65 during trading hours on Friday, reaching $42.03. 1,639,467 shares of the stock traded hands, compared to its average volume of 2,277,159. The business has a fifty day moving average price of $41.26 and a 200 day moving average price of $39.12. The firm has a market capitalization of $10.87 billion, a PE ratio of 16.04 and a beta of 1.09. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $49.50. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.
LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. On average, equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current year.
LKQ Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. LKQ's payout ratio is 45.80%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on LKQ shares. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $52.60.
View Our Latest Analysis on LKQ
Insider Buying and Selling at LKQ
In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 45,000 shares of company stock valued at $1,864,350 in the last quarter. Company insiders own 0.47% of the company's stock.
LKQ Profile
(
Free Report)
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.
Further Reading
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