New York Life Investment Management LLC Has $3.38 Million Position in LKQ Co. (NASDAQ:LKQ)

New York Life Investment Management LLC increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,666 shares of the auto parts company’s stock after acquiring an additional 2,100 shares during the period. New York Life Investment Management LLC’s holdings in LKQ were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LKQ. Jacobi Capital Management LLC increased its stake in shares of LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock valued at $865,000 after purchasing an additional 239 shares during the last quarter. Blue Trust Inc. lifted its position in shares of LKQ by 30.8% during the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock worth $55,000 after buying an additional 260 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in LKQ by 7.1% in the third quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock valued at $202,000 after buying an additional 269 shares in the last quarter. Threadgill Financial LLC grew its position in LKQ by 1.1% in the fourth quarter. Threadgill Financial LLC now owns 26,650 shares of the auto parts company’s stock valued at $1,274,000 after acquiring an additional 277 shares during the last quarter. Finally, Column Capital Advisors LLC raised its stake in LKQ by 16.7% during the third quarter. Column Capital Advisors LLC now owns 2,179 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 312 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Insider Buying and Selling at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, April 19th. Roth Mkm reiterated a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Tuesday, April 23rd. Robert W. Baird lowered their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ Trading Up 1.2 %

Shares of LKQ stock opened at $43.85 on Friday. LKQ Co. has a 1-year low of $41.30 and a 1-year high of $59.38. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 14.24 and a beta of 1.33. The stock has a 50-day moving average of $49.98 and a 200-day moving average of $47.91.

LKQ (NASDAQ:LKQ) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. On average, equities research analysts forecast that LKQ Co. will post 3.94 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.74%. LKQ’s payout ratio is 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.