IFM Investors Pty Ltd Trims Holdings in LKQ Co. (NASDAQ:LKQ)

IFM Investors Pty Ltd trimmed its holdings in LKQ Co. (NASDAQ:LKQ) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,086 shares of the auto parts company’s stock after selling 1,698 shares during the quarter. IFM Investors Pty Ltd’s holdings in LKQ were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of LKQ. CWM LLC grew its stake in shares of LKQ by 13.1% in the third quarter. CWM LLC now owns 6,581 shares of the auto parts company’s stock worth $326,000 after acquiring an additional 762 shares during the last quarter. Ronald Blue Trust Inc. grew its position in LKQ by 90.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 843 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 401 shares during the last quarter. Hartford Investment Management Co. grew its position in LKQ by 2.1% during the 3rd quarter. Hartford Investment Management Co. now owns 18,429 shares of the auto parts company’s stock valued at $912,000 after purchasing an additional 376 shares during the last quarter. State of Alaska Department of Revenue increased its stake in LKQ by 0.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 81,945 shares of the auto parts company’s stock valued at $4,056,000 after purchasing an additional 615 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in LKQ by 167.3% in the third quarter. Pinnacle Bancorp Inc. now owns 759 shares of the auto parts company’s stock worth $38,000 after buying an additional 475 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LKQ shares. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, April 19th. Robert W. Baird decreased their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $65.00 target price on shares of LKQ in a report on Tuesday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.60.

Insider Buying and Selling at LKQ

In related 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 value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

LKQ Price Performance

Shares of LKQ stock traded up $0.72 during trading hours on Friday, hitting $43.64. The stock had a trading volume of 2,390,793 shares, compared to its average volume of 1,825,378. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.53. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 14.17 and a beta of 1.28. LKQ Co. has a one year low of $41.30 and a one year high of $59.38. The stock’s 50-day moving average price is $50.72 and its two-hundred day moving average price is $48.18.

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

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.75%. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

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.