Dominick P. Zarcone Sells 5,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

LKQ Trading Up 1.0 %

Shares of LKQ stock opened at $36.59 on Friday. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. The firm has a fifty day moving average price of $37.91 and a 200-day moving average price of $39.75. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 13.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. As a group, equities analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. LKQ’s payout ratio is 44.78%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in LKQ during the third quarter valued at about $25,000. Rothschild Investment LLC purchased a new stake in shares of LKQ during the second quarter worth about $33,000. Allworth Financial LP raised its stake in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LKQ shares. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Robert W. Baird cut their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus cut their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ has an average rating of “Buy” and a consensus price target of $53.80.

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.