Personal CFO Solutions LLC Takes $663,000 Position in LKQ Co. (NASDAQ:LKQ)

Personal CFO Solutions LLC bought a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,045 shares of the auto parts company's stock, valued at approximately $663,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of LKQ by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company's stock worth $279,000 after purchasing an additional 485 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in LKQ by 74.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 65,217 shares of the auto parts company's stock worth $2,603,000 after purchasing an additional 27,931 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock worth $4,118,000 after purchasing an additional 306 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of LKQ by 40.3% during the third quarter. Principal Financial Group Inc. now owns 1,418,725 shares of the auto parts company's stock worth $56,631,000 after buying an additional 407,593 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in shares of LKQ by 2.5% in the third quarter. Verdence Capital Advisors LLC now owns 59,453 shares of the auto parts company's stock valued at $2,373,000 after buying an additional 1,472 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on LKQ shares. JPMorgan Chase & Co. raised their target price on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, LKQ has an average rating of "Moderate Buy" and a consensus target price of $52.60.

Insider Activity

In other news, Director Dominick P. Zarcone sold 15,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the sale, the director now directly owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $1,416,300. 0.45% of the stock is currently owned by company insiders.

LKQ Stock Down 2.1 %

Shares of LKQ stock traded down $0.91 during trading hours on Wednesday, hitting $42.27. The company had a trading volume of 373,819 shares, compared to its average volume of 2,360,239. The company's 50-day moving average is $38.98 and its two-hundred day moving average is $38.92. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The company has a market cap of $10.95 billion, a P/E ratio of 16.19 and a beta of 1.27.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating 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. Analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

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

About LKQ

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.