Geode Capital Management LLC Has $241.64 Million Position in LKQ Co. (NASDAQ:LKQ)

Geode Capital Management LLC raised its holdings in LKQ Co. (NASDAQ:LKQ) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,591,553 shares of the auto parts company’s stock after acquiring an additional 48,813 shares during the quarter. Geode Capital Management LLC’s holdings in LKQ were worth $241,643,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Cromwell Holdings LLC lifted its stake in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. CENTRAL TRUST Co raised its holdings in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after buying an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LKQ in the third quarter worth about $81,000. Allworth Financial LP boosted its stake in shares of LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of LKQ by 25.9% during the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock valued at $105,000 after acquiring an additional 585 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 45,000 shares of company stock worth $1,864,350. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Down 2.1 %

LKQ opened at $41.29 on Friday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $52.06. The business has a 50 day moving average of $40.52 and a 200-day moving average of $39.04. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.76 and a beta of 1.28. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, sell-side analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.91%. LKQ’s dividend payout ratio (DPR) is 45.80%.

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.