Park Avenue Securities LLC Purchases 487 Shares of LKQ Co. (NASDAQ:LKQ)

Park Avenue Securities LLC raised its stake in LKQ Co. (NASDAQ:LKQ) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,288 shares of the auto parts company’s stock after acquiring an additional 487 shares during the quarter. Park Avenue Securities LLC’s holdings in LKQ were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. CVA Family Office LLC bought a new position in shares of LKQ during the 4th quarter worth approximately $26,000. Private Trust Co. NA lifted its stake in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 450 shares in the last quarter. Headinvest LLC bought a new position in LKQ during the 3rd quarter valued at $34,000. Bruce G. Allen Investments LLC bought a new position in LKQ during the 4th quarter valued at $37,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 0.3 %

Shares of LKQ opened at $41.59 on Friday. The firm has a market cap of $11.10 billion, a P/E ratio of 13.50 and a beta of 1.28. The stock has a 50 day simple moving average of $42.90 and a two-hundred day simple moving average of $47.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. LKQ Co. has a 1 year low of $39.72 and a 1 year high of $59.38.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $1.04 EPS. On average, analysts forecast that LKQ Co. will post 3.93 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LKQ shares. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Robert W. Baird cut their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $65.00 target price on shares of LKQ in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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 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 sale, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.