Envestnet Asset Management Inc. Has $32.04 Million Position in LKQ Co. (NASDAQ:LKQ)

Envestnet Asset Management Inc. cut its position in shares of LKQ Co. (NASDAQ:LKQ) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 871,803 shares of the auto parts company’s stock after selling 10,171 shares during the period. Envestnet Asset Management Inc.’s holdings in LKQ were worth $32,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in LKQ by 112.9% during the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after purchasing an additional 22,575 shares during the period. Nordea Investment Management AB lifted its stake in shares of 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 during the last quarter. Islay Capital Management LLC bought a new stake in shares of LKQ during the 4th quarter worth about $559,000. Semanteon Capital Management LP acquired a new position in LKQ in the 4th quarter valued at about $367,000. Finally, Twin Tree Management LP bought a new position in LKQ in the 4th quarter valued at about $9,608,000. 95.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the sale, the director now owns 336,135 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders sold 45,000 shares of company stock valued at $1,864,350 over the last quarter. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $42.01 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $50.13. The company’s 50 day moving average price is $40.89 and its two-hundred day moving average price is $39.06. The firm has a market cap of $10.86 billion, a PE ratio of 16.03 and a beta of 1.09.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate 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 earnings per share for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

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.