Twin Tree Management LP Takes $9.61 Million Position in LKQ Co. (NASDAQ:LKQ)

Twin Tree Management LP purchased a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 261,435 shares of the auto parts company's stock, valued at approximately $9,608,000. Twin Tree Management LP owned approximately 0.10% of LKQ at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Creative Financial Designs Inc. ADV raised its position in shares of LKQ by 5.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 22,485 shares of the auto parts company's stock valued at $826,000 after buying an additional 1,196 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of LKQ by 118.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,467,822 shares of the auto parts company's stock valued at $53,942,000 after purchasing an additional 796,461 shares during the period. Postrock Partners LLC purchased a new position in LKQ during the fourth quarter worth about $606,000. Skandinaviska Enskilda Banken AB publ lifted its position in LKQ by 61.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 91,213 shares of the auto parts company's stock worth $3,303,000 after buying an additional 34,774 shares during the period. Finally, Erste Asset Management GmbH boosted its stake in LKQ by 9.9% in the 4th quarter. Erste Asset Management GmbH now owns 1,258,599 shares of the auto parts company's stock worth $45,491,000 after buying an additional 113,448 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 35,000 shares of company stock worth $1,416,300 over the last ninety days. 0.55% of the stock is owned by insiders.

LKQ Stock Down 1.4 %

Shares of LKQ stock traded down $0.58 on Friday, hitting $40.40. 7,151,095 shares of the company's stock traded hands, compared to its average volume of 2,081,052. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68. 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 stock has a market cap of $10.47 billion, a P/E ratio of 15.42 and a beta of 1.28. The firm's 50-day moving average is $39.72 and its 200 day moving average is $38.96.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. Equities analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

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.