Elo Mutual Pension Insurance Co Purchases 5,642 Shares of LKQ Co. (NASDAQ:LKQ)

Elo Mutual Pension Insurance Co raised its position in shares of LKQ Co. (NASDAQ:LKQ) by 24.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,159 shares of the auto parts company’s stock after acquiring an additional 5,642 shares during the period. Elo Mutual Pension Insurance Co’s holdings in LKQ were worth $1,072,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LKQ. Cerity Partners LLC increased its holdings in LKQ by 15.8% during the 3rd quarter. Cerity Partners LLC now owns 20,178 shares of the auto parts company’s stock valued at $805,000 after purchasing an additional 2,759 shares in the last quarter. Private Trust Co. NA increased its stake in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of LKQ by 25.9% in the third quarter. The Manufacturers Life Insurance Company now owns 207,055 shares of the auto parts company’s stock valued at $8,266,000 after buying an additional 42,634 shares during the last quarter. FMR LLC lifted its position in LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after buying an additional 411,390 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in LKQ by 11.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 30,447 shares of the auto parts company’s stock worth $1,215,000 after acquiring an additional 3,138 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LKQ. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has a consensus rating of “Buy” and a consensus price target of $52.60.

LKQ Stock Up 0.5 %

Shares of NASDAQ LKQ opened at $41.59 on Monday. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.53. The firm’s 50-day moving average is $40.14 and its 200-day moving average is $38.96. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $10.78 billion, a PE ratio of 15.87 and a beta of 1.28.

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

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.89%. LKQ’s dividend payout ratio is presently 45.80%.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the sale, the director now directly owns 336,135 shares of the company’s stock, valued at $14,225,233.20. This represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $1,416,300. 0.55% of the stock is currently owned by company insiders.

LKQ 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.