LKQ Co. (NASDAQ:LKQ) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,257,333 shares of the auto parts company’s stock after buying an additional 207,024 shares during the quarter. Victory Capital Management Inc.’s holdings in LKQ were worth $60,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Morgan Stanley grew its position in LKQ by 13.7% during the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after buying an additional 1,195,122 shares during the period. Cooke & Bieler LP increased its stake in shares of LKQ by 95.1% during the 4th quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock worth $114,842,000 after purchasing an additional 1,171,225 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of LKQ by 13.4% during the 3rd quarter. Nordea Investment Management AB now owns 7,149,362 shares of the auto parts company’s stock worth $357,182,000 after purchasing an additional 844,188 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of LKQ by 181.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 884,049 shares of the auto parts company’s stock worth $43,769,000 after purchasing an additional 569,719 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of LKQ by 5.5% during the 3rd quarter. Wellington Management Group LLP now owns 10,330,168 shares of the auto parts company’s stock worth $511,447,000 after purchasing an additional 540,259 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Up 1.2 %

Shares of NASDAQ LKQ opened at $43.85 on Friday. LKQ Co. has a 1 year low of $41.30 and a 1 year high of $59.38. The firm’s 50 day moving average price is $49.98 and its 200 day moving average price is $47.91. The firm has a market cap of $11.70 billion, a P/E ratio of 14.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. As a group, sell-side analysts anticipate that LKQ Co. will post 3.94 earnings per share for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LKQ shares. Robert W. Baird dropped their price objective on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Finally, Roth Mkm restated a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.

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.