Mitsubishi UFJ Asset Management Co. Ltd. Has $16.11 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,244 shares of the auto parts company's stock after acquiring an additional 76,692 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of LKQ worth $16,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LKQ. Erste Asset Management GmbH acquired a new stake in shares of LKQ in the 3rd quarter valued at approximately $45,733,000. Raymond James Financial Inc. bought a new stake in shares of LKQ during the fourth quarter worth $40,363,000. Nordea Investment Management AB grew its stake in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after buying an additional 833,519 shares during the last quarter. Brandes Investment Partners LP increased its holdings in shares of LKQ by 118.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,467,822 shares of the auto parts company's stock worth $53,942,000 after buying an additional 796,461 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of LKQ by 68.5% in the 4th quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company's stock valued at $44,492,000 after acquiring an additional 492,356 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LKQ has been the subject of a number of recent research reports. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ has an average rating of "Buy" and a consensus target price of $52.60.

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Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the transaction, the director now directly owns 359,462 shares in the company, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 45,000 shares of company stock worth $1,864,350. Company insiders own 0.55% of the company's stock.

LKQ Trading Down 2.1 %

Shares of LKQ stock traded down $0.89 on Friday, hitting $41.29. The company had a trading volume of 3,708,560 shares, compared to its average volume of 2,229,734. The stock's 50-day moving average is $40.52 and its two-hundred day moving average is $39.06. 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 $10.68 billion, a P/E ratio of 15.76 and a beta of 1.28. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $52.06.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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 business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. On average, equities research analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. LKQ's dividend payout ratio (DPR) is currently 45.80%.

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.