Invesco Ltd. Buys 1,171,481 Shares of LKQ Co. (NASDAQ:LKQ)

Invesco Ltd. raised its stake in shares of LKQ Co. (NASDAQ:LKQ) by 26.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,571,136 shares of the auto parts company’s stock after acquiring an additional 1,171,481 shares during the quarter. Invesco Ltd.’s holdings in LKQ were worth $204,739,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LKQ. Quantinno Capital Management LP raised its stake in shares of LKQ by 109.9% in the third quarter. Quantinno Capital Management LP now owns 12,411 shares of the auto parts company’s stock valued at $495,000 after purchasing an additional 6,497 shares in the last quarter. Wolverine Trading LLC bought a new stake in LKQ in the 3rd quarter valued at $298,000. National Bank of Canada FI raised its stake in shares of LKQ by 77.5% in the 3rd quarter. National Bank of Canada FI now owns 139,228 shares of the auto parts company’s stock valued at $5,558,000 after buying an additional 60,768 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of LKQ by 4.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 42,444 shares of the auto parts company’s stock worth $1,694,000 after acquiring an additional 1,697 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of LKQ by 12.5% during the 3rd quarter. MML Investors Services LLC now owns 20,219 shares of the auto parts company’s stock valued at $807,000 after acquiring an additional 2,244 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the business’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 value of $634,800.00. Following the completion of the transaction, the director now owns 336,135 shares in the company, valued at $14,225,233.20. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 45,000 shares of company stock worth $1,864,350. 0.55% of the stock is currently owned by corporate insiders.

LKQ Stock Performance

NASDAQ LKQ opened at $42.01 on Friday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $50.13. The company has a 50 day moving average of $40.89 and a 200-day moving average of $39.06. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 16.03 and a beta of 1.09.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion during 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%. On average, equities analysts forecast that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

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.