Peak6 LLC Acquires Shares of 18,500 LKQ Co. (NASDAQ:LKQ)

PEAK6 LLC purchased a new position in LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,500 shares of the auto parts company's stock, valued at approximately $680,000.

A number of other large investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC grew its holdings in LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after buying an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of LKQ in the 3rd quarter worth approximately $81,000. Allworth Financial LP increased its stake in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after buying an additional 1,089 shares during the period. Finally, Blue Trust Inc. lifted its stake in LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock worth $105,000 after acquiring an additional 585 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Stock Down 0.2 %

Shares of NASDAQ LKQ traded down $0.07 during midday trading on Wednesday, hitting $42.19. The stock had a trading volume of 3,047,699 shares, compared to its average volume of 2,255,783. The company has a market cap of $10.91 billion, a P/E ratio of 16.10 and a beta of 1.09. 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 business's 50 day moving average is $41.54 and its 200-day moving average is $39.19. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) 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 return on equity of 14.93% and a net margin of 4.81%. As a group, analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, March 13th. LKQ's payout ratio is 45.80%.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 10,000 shares of LKQ stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total transaction of $416,600.00. Following the transaction, the director now owns 359,462 shares of the company's stock, valued at $14,975,186.92. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 45,000 shares of company stock valued at $1,864,350 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LKQ. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target 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.