15,204 Shares in LKQ Co. (NASDAQ:LKQ) Bought by Islay Capital Management LLC

Islay Capital Management LLC purchased a new stake in LKQ Co. (NASDAQ:LKQ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,204 shares of the auto parts company’s stock, valued at approximately $559,000.

Other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC grew its holdings in shares of LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after buying an additional 332 shares during the last quarter. CENTRAL TRUST Co grew its stake in LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of LKQ in the third quarter worth about $81,000. Allworth Financial LP lifted its holdings in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after purchasing an additional 1,089 shares during the period. Finally, Blue Trust Inc. boosted its position in LKQ by 24.4% in the fourth quarter. Blue Trust Inc. now owns 2,815 shares of the auto parts company’s stock valued at $112,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds 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 dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 45,000 shares of company stock valued at $1,864,350 in the last three months. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LKQ. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $52.60.

LKQ Stock Performance

LKQ opened at $41.29 on Friday. The stock has a market cap of $10.68 billion, a P/E ratio of 15.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The firm has a fifty day moving average price of $40.52 and a 200 day moving average price of $39.06. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $52.06.

LKQ (NASDAQ:LKQ) last posted 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 net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. Equities research analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

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.