CHURCHILL MANAGEMENT Corp Makes New $1.47 Million Investment in LKQ Co. (NASDAQ:LKQ)

CHURCHILL MANAGEMENT Corp acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,477 shares of the auto parts company’s stock, valued at approximately $1,468,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of LKQ during the fourth quarter worth about $26,000. Private Trust Co. NA increased its position in shares of LKQ by 228.4% during the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 450 shares during the last quarter. Headinvest LLC purchased a new stake in shares of LKQ during the third quarter worth about $34,000. Bruce G. Allen Investments LLC purchased a new stake in shares of LKQ during the fourth quarter worth about $37,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 0.4 %

Shares of LKQ stock opened at $41.66 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a market cap of $11.11 billion, a P/E ratio of 13.53 and a beta of 1.28. LKQ Co. has a fifty-two week low of $39.72 and a fifty-two week high of $59.38. The business has a 50-day moving average price of $43.60 and a 200 day moving average price of $47.27.

LKQ (NASDAQ:LKQ) last announced 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, sell-side analysts forecast that LKQ Co. will post 3.93 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Roth Mkm reaffirmed a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. 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. Robert W. Baird dropped their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Finally, 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the transaction, the director now directly owns 15,606 shares of the company’s stock, valued at $694,467. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

LKQ 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.