90,585 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in LKQ Co. (NASDAQ:LKQ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 90,585 shares of the auto parts company’s stock, valued at approximately $3,329,000.

Several other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after acquiring an additional 134,176 shares during the last quarter. Nordea Investment Management AB lifted its holdings in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares in the last quarter. Geode Capital Management LLC boosted its position in LKQ by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after buying an additional 21,161 shares during the last quarter. FMR LLC raised its position in shares of LKQ by 7.3% during the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after acquiring an additional 411,390 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of LKQ during the fourth quarter valued at $119,395,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

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

LKQ Trading Up 0.5 %

Shares of NASDAQ LKQ opened at $41.59 on Friday. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.53. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 15.87 and a beta of 1.28. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average is $40.14 and its 200-day moving average is $38.96.

LKQ (NASDAQ:LKQ) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Equities research analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.89%. LKQ’s dividend payout ratio (DPR) is currently 45.80%.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company’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 completion of the transaction, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 corporate 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.