WINTON GROUP Ltd Invests $5.81 Million in LKQ Co. (NASDAQ:LKQ)

WINTON GROUP Ltd bought a new position in LKQ Co. (NASDAQ:LKQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 158,161 shares of the auto parts company's stock, valued at approximately $5,812,000. WINTON GROUP Ltd owned approximately 0.06% of LKQ as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Cromwell Holdings LLC lifted its position in shares of 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 acquiring an additional 332 shares during the period. Private Trust Co. NA raised its holdings in shares of LKQ by 31.2% during the third 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 during the period. CENTRAL TRUST Co boosted its position in shares of LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after purchasing an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LKQ in the 3rd quarter valued at about $81,000. Finally, Allworth Financial LP increased its position in LKQ by 107.8% in the 4th 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. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on LKQ from $48.00 to $49.00 and gave the company 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 upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, LKQ presently has a consensus rating of "Buy" and a consensus price target of $52.60.

Remove Ads

LKQ Stock Up 0.5 %

Shares of LKQ stock traded up $0.22 on Monday, hitting $41.81. The stock had a trading volume of 529,226 shares, compared to its average volume of 2,186,307. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.53. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 15.97 and a beta of 1.28. The business has a 50 day moving average of $40.14 and a 200 day moving average of $38.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, analysts expect that LKQ Co. will post 3.57 EPS 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, March 13th. LKQ's dividend payout ratio is presently 45.80%.

Insider Transactions at LKQ

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 sale, the director now owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 35,000 shares of company stock worth $1,416,300 in the last ninety days. Company insiders own 0.55% of the company's stock.

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.