Dominick P. Zarcone Sells 10,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the transaction, the director now directly owns 359,462 shares in the company, valued at $14,975,186.92. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

LKQ Trading Down 3.0 %

NASDAQ LKQ opened at $40.49 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The firm has a market capitalization of $10.53 billion, a PE ratio of 15.11 and a beta of 1.29. The stock’s 50 day moving average is $37.63 and its 200 day moving average is $38.76.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. Research analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is 44.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LKQ shares. Robert W. Baird reduced their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday. Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and a consensus target price of $52.60.

Institutional Investors Weigh In On LKQ

Several hedge funds have recently added to or reduced their stakes in LKQ. University of Texas Texas AM Investment Management Co. purchased a new stake in LKQ in the fourth quarter worth about $3,037,000. Vise Technologies Inc. purchased a new stake in LKQ in the fourth quarter worth about $281,000. Ananym Capital Management LP purchased a new stake in LKQ in the fourth quarter worth about $23,910,000. PharVision Advisers LLC purchased a new stake in LKQ in the fourth quarter worth about $356,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in LKQ by 6.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,566,608 shares of the auto parts company’s stock worth $94,323,000 after buying an additional 160,298 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

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.