Eagle Rock Investment Company LLC Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Eagle Rock Investment Company LLC bought a new stake in shares of LKQ Co. (NASDAQ:LKQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,319 shares of the auto parts company’s stock, valued at approximately $783,000.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in LKQ by 676.3% during the 2nd quarter. Acadian Asset Management LLC now owns 6,723 shares of the auto parts company’s stock valued at $278,000 after buying an additional 5,857 shares during the period. Envestnet Asset Management Inc. increased its position in LKQ by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 784,301 shares of the auto parts company’s stock valued at $32,619,000 after acquiring an additional 26,198 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of LKQ by 107,142.9% in the second quarter. Brown Brothers Harriman & Co. now owns 7,507 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 7,500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of LKQ by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after acquiring an additional 253,639 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of LKQ by 19.6% during the 2nd quarter. Amalgamated Bank now owns 86,588 shares of the auto parts company’s stock worth $3,601,000 after purchasing an additional 14,164 shares during the period. Institutional investors own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on LKQ shares. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Up 1.5 %

Shares of NASDAQ LKQ opened at $38.39 on Friday. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 14.32 and a beta of 1.30. The stock has a 50 day moving average price of $37.80 and a 200 day moving average price of $39.47. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during 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 revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Sell-side analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. LKQ’s dividend payout ratio is currently 44.78%.

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.