LKQ Co. (NASDAQ:LKQ) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,586 shares of the auto parts company’s stock after purchasing an additional 2,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in LKQ were worth $2,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Blue Trust Inc. boosted its position in shares of LKQ by 40.6% during the 3rd quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock valued at $94,000 after acquiring an additional 653 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of LKQ by 29.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,090 shares of the auto parts company’s stock valued at $922,000 after acquiring an additional 5,286 shares during the last quarter. Allworth Financial LP boosted its position in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of LKQ by 28.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,533 shares of the auto parts company’s stock valued at $990,000 after acquiring an additional 5,394 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in shares of LKQ by 24.0% during the 3rd quarter. Forsta AP Fonden now owns 75,000 shares of the auto parts company’s stock valued at $2,994,000 after acquiring an additional 14,500 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Up 0.5 %

NASDAQ LKQ opened at $41.75 on Thursday. The firm’s 50-day moving average is $37.91 and its two-hundred day moving average is $38.81. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. 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 stock has a market capitalization of $10.82 billion, a P/E ratio of 15.93 and a beta of 1.29.

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

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Insiders Place Their Bets

In other LKQ 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 sale, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 20,000 shares of company stock worth $781,500 over the last three months. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LKQ shares. 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. boosted their price target 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. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, LKQ has an average rating of “Moderate Buy” and an average target price of $52.60.

LKQ 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.