Twin Tree Management LP Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Twin Tree Management LP acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its stake in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares during the period. Private Trust Co. NA lifted its stake in shares of LKQ by 31.2% in the 3rd 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 lifted its stake in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of LKQ in the 3rd quarter valued at $81,000. Finally, Allworth Financial LP increased its position in shares of 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. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 35,000 shares of company stock worth $1,416,300 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LKQ. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.60.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $42.24 on Tuesday. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 16.12 and a beta of 1.28. The business has a 50-day moving average of $39.41 and a 200-day moving average of $38.92. 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 Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, sell-side analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s payout ratio is 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.