LKQ Co. (NASDAQ:LKQ) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of LKQ Co. (NASDAQ:LKQ) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,218 shares of the auto parts company’s stock after buying an additional 1,129 shares during the quarter. PNC Financial Services Group Inc.’s holdings in LKQ were worth $2,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of LKQ during the 4th quarter worth approximately $26,000. Private Trust Co. NA raised its position in shares of LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares during the period. Headinvest LLC acquired a new stake in shares of LKQ during the 3rd quarter worth approximately $34,000. Bruce G. Allen Investments LLC acquired a new stake in shares of LKQ during the 4th quarter worth approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LKQ has been the topic of several analyst reports. Roth Mkm restated a “buy” rating and issued a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Robert W. Baird lowered their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.60.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $41.66 on Friday. The stock has a fifty day moving average price of $43.60 and a two-hundred day moving average price of $47.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. The firm has a market cap of $11.11 billion, a P/E ratio of 13.53 and a beta of 1.28. LKQ Co. has a 1 year low of $39.72 and a 1 year high of $59.38.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share. Research analysts forecast that LKQ Co. will post 3.93 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Wednesday, May 15th. LKQ’s dividend payout ratio is presently 38.96%.

Insider Transactions at LKQ

In other news, Director Xavier Urbain sold 867 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.