OLD Second National Bank of Aurora Has $2.14 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

OLD Second National Bank of Aurora lifted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,777 shares of the auto parts company’s stock after purchasing an additional 857 shares during the period. OLD Second National Bank of Aurora’s holdings in LKQ were worth $2,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in LKQ by 1.3% during the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock valued at $1,497,478,000 after buying an additional 382,054 shares during the period. BlackRock Inc. raised its position in LKQ by 3.8% during the first quarter. BlackRock Inc. now owns 21,985,850 shares of the auto parts company’s stock valued at $1,247,917,000 after buying an additional 799,027 shares during the period. Wellington Management Group LLP raised its position in LKQ by 5.5% during the third quarter. Wellington Management Group LLP now owns 10,330,168 shares of the auto parts company’s stock valued at $511,447,000 after buying an additional 540,259 shares during the period. Morgan Stanley raised its position in LKQ by 13.7% during the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock valued at $490,528,000 after buying an additional 1,195,122 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in LKQ by 4.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,002,807 shares of the auto parts company’s stock valued at $430,244,000 after buying an additional 383,031 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Up 1.9 %

Shares of LKQ traded up $0.90 during trading hours on Thursday, hitting $48.81. 358,061 shares of the company were exchanged, compared to its average volume of 1,515,442. The firm’s 50 day moving average is $51.17 and its 200-day moving average is $48.36. LKQ Co. has a 52 week low of $41.49 and a 52 week high of $59.38. The company has a market cap of $13.02 billion, a PE ratio of 13.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities research analysts forecast that LKQ Co. will post 4.08 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. LKQ’s payout ratio is presently 34.29%.

Insider Transactions at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.50.

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.