Sherbrooke Park Advisers LLC Acquires 4,723 Shares of LKQ Co. (NASDAQ:LKQ)

Sherbrooke Park Advisers LLC raised its holdings in LKQ Co. (NASDAQ:LKQ) by 59.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,693 shares of the auto parts company’s stock after purchasing an additional 4,723 shares during the period. Sherbrooke Park Advisers LLC’s holdings in LKQ were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock valued at $241,643,000 after buying an additional 48,813 shares during the period. Invesco Ltd. grew its holdings in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company’s stock worth $204,739,000 after purchasing an additional 1,171,481 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of LKQ by 25.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company’s stock worth $192,268,000 after purchasing an additional 1,053,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LKQ during the 4th quarter worth about $165,548,000. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of LKQ during the 4th quarter worth about $160,339,000. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LKQ shares. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. increased 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ currently has a consensus rating of “Buy” and an average target price of $52.60.

LKQ Trading Up 1.0%

LKQ opened at $42.56 on Friday. 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 stock has a market capitalization of $10.99 billion, a PE ratio of 16.24 and a beta of 0.98. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $46.64. The firm has a 50-day moving average price of $40.86 and a two-hundred day moving average price of $39.34.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. As a group, equities analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ’s payout ratio is presently 44.78%.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Justin L. Jude bought 2,708 shares of LKQ stock in a transaction dated Friday, April 25th. The shares were bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer now owns 280,777 shares of the company’s stock, valued at $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dominick P. Zarcone sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 336,135 shares in the company, valued at $14,225,233.20. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock worth $1,873,750. 0.55% of the stock is currently owned by corporate insiders.

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.