Personal CFO Solutions LLC Makes New $663,000 Investment in LKQ Co. (NASDAQ:LKQ)

Personal CFO Solutions LLC acquired a new position in LKQ Co. (NASDAQ:LKQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,045 shares of the auto parts company’s stock, valued at approximately $663,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after buying an additional 33,212 shares during the period. State Street Corp raised its stake in shares of LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after acquiring an additional 134,176 shares during the period. Nordea Investment Management AB lifted its holdings in shares of LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after acquiring an additional 833,519 shares in the last quarter. Geode Capital Management LLC boosted its position in LKQ by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after purchasing an additional 21,161 shares during the period. Finally, FMR LLC increased its holdings in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after purchasing an additional 411,390 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Up 1.5 %

Shares of LKQ opened at $43.38 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The stock has a 50-day moving average price of $38.69 and a 200 day moving average price of $38.90. The company has a market capitalization of $11.24 billion, a P/E ratio of 16.56 and a beta of 1.28.

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

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. LKQ’s payout ratio is 45.80%.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the transaction, the director now owns 336,135 shares of the company’s stock, valued at $14,225,233.20. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders sold 35,000 shares of company stock worth $1,416,300. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.60.

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.