Proficio Capital Partners LLC Invests $556,000 in LKQ Co. (NASDAQ:LKQ)

Proficio Capital Partners LLC acquired a new position in LKQ Co. (NASDAQ:LKQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,141 shares of the auto parts company's stock, valued at approximately $556,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LKQ. Cromwell Holdings LLC increased its holdings in LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares in the last quarter. Private Trust Co. NA increased its stake in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LKQ during the third quarter worth approximately $81,000. Finally, Allworth Financial LP boosted its position in LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on 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 owns 336,135 shares in the company, valued at approximately $14,225,233.20. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 35,000 shares of company stock worth $1,416,300. Insiders own 0.55% of the company's stock.

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LKQ Price Performance

Shares of LKQ stock traded up $0.41 during trading hours on Thursday, reaching $41.40. 2,823,338 shares of the company's stock were exchanged, compared to its average volume of 2,101,921. The business has a fifty day moving average of $40.02 and a two-hundred day moving average of $38.93. The company has a market capitalization of $10.73 billion, a P/E ratio of 15.80 and a beta of 1.28. 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 Co. has a 1 year low of $35.56 and a 1 year high of $53.68.

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, topping analysts' consensus estimates of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. As a group, research analysts predict 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. Investors of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased 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. 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus 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.