Reinhart Partners LLC. Has $10.27 Million Position in LKQ Co. (NASDAQ:LKQ)

Reinhart Partners LLC. increased its stake in shares of LKQ Co. (NASDAQ:LKQ) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 279,314 shares of the auto parts company’s stock after acquiring an additional 6,723 shares during the period. Reinhart Partners LLC. owned about 0.11% of LKQ worth $10,265,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bruce G. Allen Investments LLC raised its stake in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares during the period. Private Trust Co. NA raised its stake in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares during the period. Asset Management One Co. Ltd. raised its stake in LKQ by 0.3% in 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 buying an additional 306 shares during the period. Ensign Peak Advisors Inc raised its stake in LKQ by 0.5% in the second quarter. Ensign Peak Advisors Inc now owns 81,526 shares of the auto parts company’s stock valued at $3,391,000 after buying an additional 400 shares during the period. Finally, Van ECK Associates Corp raised its stake in LKQ by 7.0% in the third quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock valued at $279,000 after buying an additional 485 shares during the period. Institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the sale, the director now 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of recent research reports. Robert W. Baird lowered 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. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus lowered 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, Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Price Performance

NASDAQ:LKQ traded up $0.20 during trading hours on Monday, reaching $36.47. 879,795 shares of the company were exchanged, compared to its average volume of 1,801,243. The company has a market capitalization of $9.48 billion, a P/E ratio of 13.61 and a beta of 1.30. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The business has a 50 day moving average of $37.83 and a 200 day moving average of $39.56.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. Research analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is presently 44.78%.

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.