Peddock Capital Advisors LLC Purchases 468 Shares of LKQ Co. (NASDAQ:LKQ)

Peddock Capital Advisors LLC grew its holdings in LKQ Co. (NASDAQ:LKQ) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,002 shares of the auto parts company’s stock after acquiring an additional 468 shares during the quarter. Peddock Capital Advisors LLC’s holdings in LKQ were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its position in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock valued at $865,000 after purchasing an additional 239 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of LKQ by 30.8% in the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 260 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of LKQ by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 269 shares during the last quarter. Finally, Threadgill Financial LLC increased its position in LKQ by 1.1% during the 4th quarter. Threadgill Financial LLC now owns 26,650 shares of the auto parts company’s stock worth $1,274,000 after purchasing an additional 277 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

LKQ has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Robert W. Baird dropped their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Tuesday, April 23rd. Finally, StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Stock Down 1.1 %

NASDAQ LKQ traded down $0.51 during trading hours on Wednesday, hitting $43.93. The company’s stock had a trading volume of 661,649 shares, compared to its average volume of 1,730,752. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The company’s 50-day simple moving average is $49.65 and its two-hundred day simple moving average is $47.83. The company has a market capitalization of $11.72 billion, a PE ratio of 14.43 and a beta of 1.33. LKQ Co. has a 52 week low of $41.30 and a 52 week high of $59.38.

LKQ (NASDAQ:LKQ) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. Research analysts anticipate that LKQ Co. will post 3.94 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.73%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Activity

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

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.