LKQ Co. (NASDAQ:LKQ) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in LKQ Co. (NASDAQ:LKQ) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 91,086 shares of the auto parts company’s stock after buying an additional 4,524 shares during the period. EverSource Wealth Advisors LLC’s holdings in LKQ were worth $3,347,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LKQ. Personal CFO Solutions LLC purchased a new position in shares of LKQ in the 4th quarter valued at $663,000. Amundi lifted its stake in shares of LKQ by 16.7% in the 4th quarter. Amundi now owns 1,415,390 shares of the auto parts company’s stock worth $51,474,000 after acquiring an additional 202,676 shares during the period. Lifeworks Advisors LLC acquired a new stake in LKQ during the fourth quarter valued at approximately $229,000. PNC Financial Services Group Inc. raised its holdings in shares of LKQ by 41.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 54,410 shares of the auto parts company’s stock valued at $2,000,000 after acquiring an additional 16,079 shares during the period. Finally, Machina Capital S.A.S. increased its stake in LKQ by 69.7% in the 4th quarter. Machina Capital S.A.S. now owns 12,401 shares of the auto parts company’s stock valued at $456,000 after buying an additional 5,092 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 35,000 shares of company stock valued at $1,416,300 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

LKQ Trading Down 2.0 %

LKQ stock opened at $43.18 on Wednesday. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The business’s fifty day moving average is $38.85 and its 200 day moving average is $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. The stock has a market capitalization of $11.19 billion, a PE ratio of 16.48 and a beta of 1.27.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data 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 the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. On average, sell-side analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, March 13th. LKQ’s payout ratio is currently 45.80%.

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.