Goodman Financial Corp Grows Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Goodman Financial Corp increased its stake in LKQ Co. (NASDAQ:LKQ) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,803 shares of the auto parts company’s stock after purchasing an additional 22,162 shares during the quarter. LKQ accounts for 2.4% of Goodman Financial Corp’s portfolio, making the stock its 28th largest position. Goodman Financial Corp owned about 0.12% of LKQ worth $11,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LKQ. Pacer Advisors Inc. increased its position in shares of LKQ by 112.9% during the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after purchasing an additional 22,575 shares during the last quarter. Nordea Investment Management AB increased its holdings in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in LKQ in the third quarter worth approximately $634,000. Illinois Municipal Retirement Fund boosted its stake in shares of LKQ by 58.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock worth $9,850,000 after acquiring an additional 99,229 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of LKQ by 27,310.6% during the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after acquiring an additional 64,180 shares during the period. Institutional investors own 95.63% of the company’s stock.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 35,000 shares of company stock worth $1,416,300 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

LKQ Price Performance

NASDAQ:LKQ opened at $40.98 on Friday. The business’s 50-day simple moving average is $39.72 and its two-hundred day simple moving average is $38.96. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The stock has a market cap of $10.62 billion, a PE ratio of 15.64 and a beta of 1.28. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. As a group, analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Analyst Ratings Changes

Several equities analysts recently weighed in on LKQ shares. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $52.60.

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.