Oppenheimer & Co. Inc. Acquires 501 Shares of LKQ Co. (NASDAQ:LKQ)

Oppenheimer & Co. Inc. lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,452 shares of the auto parts company’s stock after purchasing an additional 501 shares during the period. Oppenheimer & Co. Inc.’s holdings in LKQ were worth $2,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OLD Second National Bank of Aurora lifted its position in shares of LKQ by 0.7% during the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after buying an additional 287 shares during the last quarter. Private Trust Co. NA raised its stake in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares during the period. Asset Management One Co. Ltd. lifted its holdings in LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares during the last quarter. Cromwell Holdings LLC boosted its position in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 332 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of LKQ by 9.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 412 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the transaction, the director now directly owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 20,000 shares of company stock valued at $781,500 in the last quarter. Insiders own 0.55% of the company’s stock.

LKQ Stock Up 0.8 %

LKQ opened at $42.19 on Monday. The firm has a market capitalization of $10.93 billion, a P/E ratio of 16.10 and a beta of 1.29. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a fifty day moving average price of $38.13 and a 200-day moving average price of $38.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

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

LKQ Dividend Announcement

The business 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 $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. LKQ’s dividend payout ratio is presently 45.80%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. raised their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

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.