LKQ Co. (NASDAQ:LKQ) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 630,314 shares of the auto parts company's stock after acquiring an additional 90,098 shares during the period. Russell Investments Group Ltd. owned 0.24% of LKQ worth $23,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Resona Asset Management Co. Ltd. purchased a new stake in shares of LKQ in the 4th quarter valued at $2,970,000. Islay Capital Management LLC acquired a new position in LKQ during the fourth quarter valued at $559,000. Motley Fool Asset Management LLC boosted its holdings in LKQ by 10.6% in the fourth quarter. Motley Fool Asset Management LLC now owns 5,775 shares of the auto parts company's stock valued at $212,000 after purchasing an additional 553 shares during the last quarter. Bryce Point Capital LLC acquired a new stake in LKQ during the 4th quarter worth about $563,000. Finally, Headlands Technologies LLC raised its stake in shares of LKQ by 267.2% during the 4th quarter. Headlands Technologies LLC now owns 84,481 shares of the auto parts company's stock valued at $3,105,000 after buying an additional 61,476 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total transaction of $632,250.00. Following the transaction, the director now directly owns 321,135 shares of the company's stock, valued at $13,535,840.25. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 45,000 shares of company stock valued at $1,864,350. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LKQ shares. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $52.60.

LKQ Price Performance

NASDAQ LKQ traded up $0.25 on Monday, hitting $42.26. The company had a trading volume of 231,881 shares, compared to its average volume of 2,267,577. 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's fifty day moving average price is $40.89 and its 200-day moving average price is $39.06. The company has a market capitalization of $10.93 billion, a PE ratio of 16.13 and a beta of 1.09. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $50.13.

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 for the quarter, topping 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 firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. As a group, analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, March 13th. LKQ's payout ratio is 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.