Snyder Capital Management L P Purchases 152,094 Shares of LKQ Co. (NASDAQ:LKQ)

Snyder Capital Management L P grew its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,123,558 shares of the auto parts company's stock after purchasing an additional 152,094 shares during the quarter. Snyder Capital Management L P owned approximately 0.43% of LKQ worth $41,291,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in LKQ. Cromwell Holdings LLC boosted its stake in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 332 shares in the last quarter. CENTRAL TRUST Co boosted its stake in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after buying an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in LKQ during the third quarter valued at about $81,000. Allworth Financial LP boosted its stake in 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 in the last quarter. Finally, Blue Trust Inc. boosted its stake in LKQ by 25.9% during the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after buying an additional 585 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Barrington Research reiterated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, LKQ presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

LKQ Trading Down 0.5 %

Shares of NASDAQ:LKQ traded down $0.20 during midday trading on Monday, reaching $37.21. The company had a trading volume of 2,813,067 shares, compared to its average volume of 2,266,235. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $46.64. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 14.20 and a beta of 1.09. The company has a fifty day simple moving average of $41.42 and a two-hundred day simple moving average of $39.17.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Research analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, May 15th. LKQ's dividend payout ratio is currently 44.78%.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares of the company's stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the purchase, the chief executive officer now directly owns 280,777 shares in the company, valued at $10,385,941.23. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,864,350. Corporate insiders own 0.55% of the company's stock.

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.