DekaBank Deutsche Girozentrale Has $17.49 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

DekaBank Deutsche Girozentrale lessened its position in LKQ Co. (NASDAQ:LKQ) by 0.1% in the fourth quarter, HoldingsChannel reports. The fund owned 366,569 shares of the auto parts company’s stock after selling 302 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in LKQ were worth $17,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cadence Bank lifted its holdings in shares of LKQ by 2.0% in the 2nd quarter. Cadence Bank now owns 11,204 shares of the auto parts company’s stock worth $653,000 after purchasing an additional 220 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of LKQ by 4.5% in the 1st quarter. Ancora Advisors LLC now owns 5,433 shares of the auto parts company’s stock worth $308,000 after purchasing an additional 233 shares in the last quarter. Studio Investment Management LLC lifted its holdings in shares of LKQ by 2.4% in the 4th quarter. Studio Investment Management LLC now owns 9,977 shares of the auto parts company’s stock worth $533,000 after purchasing an additional 235 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock worth $865,000 after purchasing an additional 239 shares in the last quarter. Finally, Clear Street Markets LLC lifted its holdings in shares of LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday, February 22nd. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.50.

LKQ Trading Up 0.1 %

Shares of LKQ opened at $51.50 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47. The firm has a market cap of $13.74 billion, a P/E ratio of 14.71 and a beta of 1.28. LKQ Co. has a fifty-two week low of $41.49 and a fifty-two week high of $59.38. The business has a 50-day moving average of $50.84 and a 200 day moving average of $48.34.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, research analysts forecast that LKQ Co. will post 4.08 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, March 13th. LKQ’s payout ratio is presently 34.29%.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

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.