Leeward Investments LLC MA Has $17.97 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Leeward Investments LLC MA raised its holdings in LKQ Co. (NASDAQ:LKQ) by 20.5% during the fourth quarter, HoldingsChannel reports. The firm owned 375,940 shares of the auto parts company’s stock after acquiring an additional 63,937 shares during the quarter. Leeward Investments LLC MA’s holdings in LKQ were worth $17,966,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bryn Mawr Capital Management LLC bought a new position in shares of LKQ in the 4th quarter valued at $249,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of LKQ by 27.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,780 shares of the auto parts company’s stock valued at $324,000 after acquiring an additional 1,460 shares during the last quarter. Cognios Beta Neutral Large Cap Fund LP bought a new position in LKQ during the 4th quarter worth $378,000. GAMMA Investing LLC bought a new position in LKQ during the 4th quarter worth $97,000. Finally, Linden Thomas Advisory Services LLC raised its position in LKQ by 14.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 15,017 shares of the auto parts company’s stock worth $718,000 after purchasing an additional 1,855 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Stock Performance

LKQ stock opened at $43.64 on Friday. The stock has a 50-day moving average price of $50.72 and a 200-day moving average price of $48.18. LKQ Co. has a 1-year low of $41.30 and a 1-year high of $59.38. The company has a current ratio of 1.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The firm has a market cap of $11.64 billion, a PE ratio of 14.17 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $1.04 earnings per share. As a group, equities research analysts expect that LKQ Co. will post 3.94 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. LKQ’s dividend payout ratio is presently 38.96%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by company insiders.

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.