LKQ Co. (NASDAQ:LKQ) Shares Acquired by Check Capital Management Inc. CA

Check Capital Management Inc. CA lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,233,173 shares of the auto parts company’s stock after buying an additional 45,942 shares during the period. LKQ makes up about 2.2% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 6th largest holding. Check Capital Management Inc. CA’s holdings in LKQ were worth $58,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its holdings in shares of LKQ by 94.1% during the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 241 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of LKQ during the fourth quarter valued at about $26,000. OFI Invest Asset Management acquired a new position in shares of LKQ during the third quarter valued at about $26,000. Covestor Ltd raised its position in LKQ by 81.1% in the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 279 shares in the last quarter. Finally, Private Trust Co. NA raised its position in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, LKQ presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.50.

LKQ Price Performance

Shares of NASDAQ:LKQ traded up $0.54 during midday trading on Friday, hitting $49.12. The stock had a trading volume of 1,506,365 shares, compared to its average volume of 1,533,127. The company has a market capitalization of $13.10 billion, a P/E ratio of 13.94 and a beta of 1.28. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $51.19 and its 200-day moving average price is $48.36. LKQ Co. has a fifty-two week low of $41.49 and a fifty-two week high of $59.38.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. As a group, equities research analysts predict that LKQ Co. will post 4.07 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, March 13th. LKQ’s payout ratio is 34.29%.

Insider Activity

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by corporate 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.