CIBC Private Wealth Group LLC Purchases 1,145 Shares of LKQ Co. (NASDAQ:LKQ)

CIBC Private Wealth Group LLC increased its position in LKQ Co. (NASDAQ:LKQ) by 13.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,551 shares of the auto parts company’s stock after acquiring an additional 1,145 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in LKQ were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LKQ. Public Sector Pension Investment Board lifted its position in shares of LKQ by 8.9% during the third quarter. Public Sector Pension Investment Board now owns 10,975 shares of the auto parts company’s stock worth $438,000 after acquiring an additional 900 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in LKQ by 29.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 29,373 shares of the auto parts company’s stock worth $1,173,000 after purchasing an additional 6,729 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in LKQ by 15.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 5,679 shares of the auto parts company’s stock valued at $227,000 after buying an additional 753 shares in the last quarter. Investment Management Corp of Ontario increased its position in shares of LKQ by 50.8% during the third quarter. Investment Management Corp of Ontario now owns 8,907 shares of the auto parts company’s stock valued at $356,000 after buying an additional 3,000 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of LKQ in the third quarter valued at approximately $7,309,000. 95.63% of the stock is currently owned by institutional investors.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 45,000 shares of company stock worth $1,864,350 over the last quarter. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LKQ shares. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted 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. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $52.60.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $41.29 on Friday. The stock has a market cap of $10.68 billion, a PE ratio of 15.76 and a beta of 1.28. The company’s fifty day moving average is $40.52 and its 200 day moving average is $39.04. 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 Co. has a 52 week low of $35.56 and a 52 week high of $52.06.

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

LKQ Announces Dividend

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

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.