Leeward Investments LLC MA Increases Stock Position in LKQ Co. (NASDAQ:LKQ)

Leeward Investments LLC MA raised its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 388,875 shares of the auto parts company’s stock after purchasing an additional 12,935 shares during the period. LKQ makes up about 0.9% of Leeward Investments LLC MA’s investment portfolio, making the stock its 28th largest holding. Leeward Investments LLC MA owned 0.15% of LKQ worth $20,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LKQ. Choreo LLC purchased a new stake in LKQ in the fourth quarter worth approximately $851,000. Homestead Advisers Corp bought a new stake in shares of LKQ in the fourth quarter worth $20,583,000. Osborne Partners Capital Management LLC purchased a new stake in LKQ during the fourth quarter valued at $5,888,000. KBC Group NV lifted its holdings in LKQ by 49.2% in the fourth quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock valued at $32,929,000 after acquiring an additional 227,314 shares during the period. Finally, River Road Asset Management LLC boosted its position in LKQ by 2.5% in the fourth quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock worth $224,154,000 after purchasing an additional 114,207 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Down 1.0 %

NASDAQ:LKQ traded down $0.44 during midday trading on Thursday, hitting $41.55. 1,330,454 shares of the company traded hands, compared to its average volume of 1,696,764. The firm has a market capitalization of $11.08 billion, a P/E ratio of 13.49 and a beta of 1.29. The firm’s fifty day moving average is $42.69 and its 200-day moving average is $47.00. LKQ Co. has a 12-month low of $39.72 and a 12-month high of $59.38. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, sell-side analysts predict that LKQ Co. will post 3.93 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ’s dividend payout ratio is presently 38.96%.

Analyst Ratings Changes

LKQ has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Roth Mkm reiterated a “buy” rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. Finally, Robert W. Baird decreased their target price on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Activity at LKQ

In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the transaction, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

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.