Peddock Capital Advisors LLC Buys 468 Shares of LKQ Co. (NASDAQ:LKQ)

Peddock Capital Advisors LLC raised its stake in LKQ Co. (NASDAQ:LKQ) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,002 shares of the auto parts company’s stock after acquiring an additional 468 shares during the period. Peddock Capital Advisors LLC’s holdings in LKQ were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LKQ. Choreo LLC purchased a new stake in LKQ during the fourth quarter valued at $851,000. Osborne Partners Capital Management LLC bought a new stake in LKQ during the fourth quarter worth approximately $5,888,000. River Road Asset Management LLC raised its holdings in LKQ by 2.5% during the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock valued at $224,154,000 after buying an additional 114,207 shares during the period. Applied Finance Capital Management LLC lifted its stake in LKQ by 8.3% in the third quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company’s stock worth $16,824,000 after purchasing an additional 26,033 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of LKQ by 369.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company’s stock valued at $21,832,000 after buying an additional 359,606 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LKQ. JPMorgan Chase & Co. dropped their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research report on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Finally, Robert W. Baird dropped their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

Insider Transactions at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

LKQ Stock Down 1.1 %

LKQ stock traded down $0.51 during trading hours on Wednesday, reaching $43.93. The stock had a trading volume of 661,649 shares, compared to its average volume of 1,730,752. LKQ Co. has a 52 week low of $41.30 and a 52 week high of $59.38. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 14.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. The business’s 50 day moving average price is $49.65 and its 200-day moving average price is $47.83.

LKQ (NASDAQ:LKQ) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $1.04 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts anticipate that LKQ Co. will post 3.94 EPS for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.